Search results for "Lexmark"

Editor’s Note: As 2015 draws to a close, it is the time of year when we revisit some of our best articles from the past year. Over the next week, the Payables Place team will wrap up its eight-part series on the “Best of 2015.” Today’s article details Ardent’s thoughts on the importance of Lexmark purchasing Kofax, which ran [...]

One of the more important jobs of the accounts payable professional is keeping up with what is happening in the industry at large. This is critical for a few reasons, including skills development and the hunt for new technologies, but is sometimes difficult to do. That is why, each week, the team at Payables Place [...]

One of the more important jobs of the accounts payable professional is keeping up with what is happening in the industry at large. This is critical for a few reasons, including skills development and the hunt for new technologies, but is sometimes difficult to do. That is why, each week, the team at Payables Place [...]

Interesting news abounds in the business world lately. In China, the central government launched a broad-based stimulus designed to help local governments restructure trillions of dollars in debt and meet their obligations. Meanwhile, U.S. Senator Elizabeth Warren (D-Mass.) introduced a bill to curb the Federal Reserve’s power to bail out huge financial firms in a [...]

The Payables Place team has covered a lot of ground over the past two weeks. There was news of Lexmark moving to acquire Kofax, a look at how scan-and-capture invoicing can trigger cost savings, and even a deeper look at one of the biggest trends in accounts payable for 2015. Happy Good Friday and Happy [...]

Over the past few years, Lexmark (NYSE: LXK), the longstanding manufacturer of laser printers and print supplies, has made an aggressive push into software and services. On Tuesday, March 24, it continued this push with the announcement of its plans to buy Kofax (NASDAQ: KFX) for $11 per share or approximately $1 billion, net of cash at closing. The price [...]

The acquisition battle between Lexmark (NYSE: LXK) and Hyland Software’s UK unit added another round this week; Hyland increased its bid to 55 kronor per share on Monday, followed on Tuesday by a counteroffer from Lexmark of 55.50 kronor per share for all outstanding shares in ReadSoft (Stockholm: RSOF-B). This is the third round of [...]

We reported on July 1 that Lexmark International (NYSE: LXK) upped their bid for ReadSoft (NASDAQ OMX: RSOF-B) in the face of competition from Ohio-based Hyland Software’s UK business unit. It turns out that on July 7, Hyland upped their bid again to 45 kronor per share and stated that they now control 10.9% of ReadSoft’s stock [...]

Lexmark International (NYSE: LXK) on June 18 increased its initial tender offer for Swedish AP automation provider ReadSoft AB (NASDAQ OMX: RSOF-B) to 43 kronor per share, a 7.4% increase over its initial offer of 40.05 kronor, in the wake of competition from the UK business unit of Hyland Software. Earlier in the day on [...]

Earlier this week, Lexmark (NYSE: LXK) announced that it had commenced a cash tender offer for all of the outstanding shares of  ReadSoft (NASDAQ OMX: RSOF-B), a Sweden-based provider of AP automation and document management solutions. ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. The offer [...]