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?
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.
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?
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.
Ok, the debt. I hadn't read your reply to other post. Still, this intrinsic vslue doesn't nearly equal the $48 less than a year ago.
Probably one more dividend. How do you think dividends will keep coming? Apex is going to buy your stock whether you like it or not. Maybe you can invest in a good dividebd paying stock.
Who paid you for your congratulations post?
Something is wrong. 62 million shares outstanding, sold for 3.6 million. It takes $59 per share to equal 3.6 million. $40.50 per share equals only 2.5 billion. Something is rotten. Big dean explain that. Less than a year ago I could have gotten $48. Where is the intrinsic value? I suppose in rookes pocket or will be soon.
Something is wrong. 62 million shares outstanding, sold for 3.6 million. It takes $59 per share to equal 3.6 million. $40.50 per share equals only 2.5 billion. Something is rotten.
Where the other 15 per share go?
What do you really mean? Why do you think ceo hired Goldman S? In most cases I dont think he told the truth in the past and I've stated that. I did believe but now feel very mislead.
You drop the price, of course. Only problem here is ceo is all power and selling something that belongs to others. If ceo has been telling the truth in past several conference calls Lexmark is in good position and should do well for shareholders in the future. CEO said Lexmark is well positioned for the future if I remember correctly. What changed?
When Lexmark sells will shareholders be bought out or get some supposedly equal value of shares of the buyer company? I'm guessing if it is Apex or any other Chinese OR Japanese company shareholders will be bought out. If American company will get shares. I have little knowledge of these dealings but you may have.
Looks like China gets Lexmark. I think Rooke would rather sell than let a real CEO run the company. If Marvin Mann had been twenty years younger and still running the company it would likely be a ten billion company. A kid can't run a company. Rooke hasn't told ghe truth at one single conferdnce call. Now what will be the intrinsic value? Not really a surprise coming.
Do you think insiders might take millions under the table in exchange for giving the company away? This price drop means bad happenings.
Could be some institutions bailing. Average daily volume met in 1st hour of trading. Insiders dont have that much and most of them don't hold onto their option shares. It is not good. Rookie talked about unlocking intrinsic value but he just wants to get rid of the company. Couldn't stand to give the reins to a seasoned mature ceo. Also, hasn't been telling the truth at last several conference calls.
Something rotten in Denmark.
Something rotten going on. I guess the intrinsic value is happening.