Chinese company Ninestar is set to sell its Phase II stake in Lexmark International to Xerox, with the net equity value estimated between $75 million and $150 million, according to a stock exchange filing.
The stated figure reflects the equity value after deducting net debt and transaction-related expenses. While Ninestar disclosed the equity range, Xerox confirmed that the overall deal value remains unchanged at $1.5 billion, including debt assumptions.
Originally part of IBM, Lexmark was acquired by a Chinese investor consortium in 2016 for $3.6 billion. With this deal, the brand is now returning to U.S. ownership under Xerox.
The acquisition is expected to deliver immediate profit gains for Xerox, along with annual cost savings exceeding $200 million, mainly by reducing marketing and real estate expenses.