okay vote is July 22nd per filing if all goes well perhaps finalization not too far behind. that's imo but follows how some deals have gone off recently. to my long brethren: it's getting there !! imo
when it's in escrow? What do I win.
How do you collect money from a termination fee when the buyer is in a communist country and decides they don't want to honour the contract?
who down voted me? Be a man and at least make a case ... Oh I know you cant!
Could you give some info on when the deal will close or is it in trouble. A ripoff but probably better that it goes through. With what seems the motives involved it probably Apex must have it. But a big question, knowing it goes for $40.50 why is it under $37? $3 a share gain?
If there is an unsolicited bidding war, that $95M would undoubtedly be included in the suitor's acquisition cost analysis. The Board has a fiduciary duty to consider any unsolicited higher bids. Would be great if we aren't done yet in the pricing process.
Rooke is well positioned as are his cronies. The rest not so much. Only if he and his crew are removed from managing this company will anything good happen, and at that point the shareholders have lost. Rooke purchased Perceptive in 2010, has had over five years to move into software, overpaid for Kofax last year and still aren't showing anything. Management will walk away with their big bucks, the Chinese will have more American companies and the shareholders and regular employees will be screwed. Typical Lexmark deal after Curlander took over. Two lousy CEO's in a row.
My opinion is the Chinese know it is a good deal. Lexmark couldn't even accept a higher offer now without paying Apex 95 million per agreement. Often financial reports get cooked one way or the other to satisify needs.
How many times has Rookie said Lexmark is well positioned for the future. Who's future was he talking about? The deal will go through and with this type management it is probably best.
Being on the losing end of a trade sucks, right? I found LionStockAlerts the other day and they are pretty good. The alerts are quality, not junk and they are straight forward and cut out the hype.
Well, already bad news...just delayed release from today to tomorrow! Sure seems like they have a lot of problems with accounting. Avoided an analysts conference call last quarter at the last minute "due to pending activities". Pre-announced no call this quarter, and now can't even get the earnings report out when scheduled, delaying it at the last possible moment. They sure seem out of control.
If it takes a good earnings showing for the deal to go ghrough then it will be. You can rooke on it.
These law firms need to investigate Paul Rooke's deal in this sale. Pretty obvious he is not on the side of shareholders. CEO and chairman or the board together should be illegal in my opinion. If he wasn't chairman he would probably have been canned long ago.
Lexmark In Buyout Talks
"Lexmark LXK is another hardware company looking for an exit from hardware. The company has been transitioning to a more software focused and MPS driven business. But these initiatives may not bring as much to shareholders as the $40.50 a share that a consortium of companies led by Apex Technology Co. Ltd. and PAG Asia Capital and including Legend Capital Management Co. Ltd is offering.
That’s what management is purported to have thought because after the news became public and share prices responded appropriately, two law firms, namely Tripp Levy PLLC and Robbins Arroyo LLP are investigating the deal on behalf of shareholders. Both law firms point to the fact that the shares have traded higher at some point during the past year.
This may not the only glitch, however, as the U.S. government has in the past not been too keen on transferring key technology to Chinese companies. Hardware has been a different story however, so we have to wait
Wait how long?
Why would a trader just in on the news and out on the deal consummation care about any of that? A: he wouldn't - irrelevant.
and 20 would be an even better risk/return ration. are you just making up numbers you'd like to see with zero rationale other than the bogeyman that someday some markets might go down instead of up? lol
makes no sense. need to let you know: that dog don't hunt here.
1. What percentage will he own in Apex? Of course we will never know.
2. did paul rooke intentionally drag Lexmark down to get this deal through? We will never know but even people on the sidelines could see what we were calling incompetency in management but that could not be what it was. Now as he runs the new company just watch him go and brag.
It is ruthless in the business world with fraud that cannot be proven and uncovered. Investors should never hold a stock trusting leadership. It seems that Lexmark has always been run by hand picked friends that treated the company as if they owned it.
Lexmark had the potential to break into the chinese market without taking the company from shareholders. Very supicious dealings.
Anyway, thanks paul, for the final dividend.