Mergers & Acquisition

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 [...]

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 [...]

Thursday afternoon, global software provider SAP AG (NYSE – SAP) announced its intent to purchase Seattle-based travel, expense and invoice management solution provider Concur (Nasdaq – CNQR) for approximately $8.3 billion (based upon the announced acquisition price of $129 per share). The agreement signals another major shockwave in the global enterprise solutions industry that follows on the heels of SAP’s 2012 [...]