(Reuters) – Xerox Holdings is nearing a deal for Lexmark International that values the maker of printers and printing software at $1.5 billion, including debt, the Wall Street Journal reported on Monday.
An acquisition of closely held Lexmark is expected to be announced Monday morning, the report said, citing people familiar with the matter.
Xerox is expected to finance the deal with a combination of cash on hand and committed debt financing, the report said.
Xerox and Lexmark did not immediately respond to Reuters’ requests for comment.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar)
