SAN DIEGO, April 19, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Lexmark International, Inc. (NYSE: LXK) breached their fiduciary duties in connection with the proposed sale of the Company to a consortium of investors led by Apex Technology Co., Ltd. and PAG Asia Capital.
Lexmark develops manufactures and supplies printing, imaging, device management, managed print services (MPS), document workflow and business process and content management solutions worldwide.
On April 19, 2016, Lexmark announced it had signed a definitive merger agreement with investors led by Apex Technology Co., Ltd. and PAG Asia Capital. Under the terms of the agreement, Lexmark stockholders will be acquired for $40.50 per share in an all-cash transaction.
The investigation concerns whether the Lexmark board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Lexmark shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. Lexmark's 52 week high is $47.69.
If you are a shareholder of Lexmark and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP