On March 26, 2025, China-based Ninestar Corp announced its plan to sell Lexmark International II to Xerox for an estimated transaction price ranging from $75 million to $150 million. This figure is a fraction of the $1.5 billion valuation, inclusive of assumed liabilities, that Xerox Holdings Corporation had previously disclosed in December 2024 for the Lexmark acquisition.
Ninestar stated in an exchange filing that its estimated transaction price was based on Lexmark's latest operational status. The significant difference in reported values between the seller and buyer created immediate market uncertainty regarding the terms of the deal.
Xerox Holdings Corporation subsequently reaffirmed on March 27, 2025, that the Lexmark acquisition remains valued at $1.5 billion, inclusive of debt and other liabilities, as publicly disclosed in its U.S. regulatory filings at the time of the initial announcement. Xerox stated that the terms of the deal, as communicated by the company, remain accurate and unchanged.
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