LEXINGTON, Ky. and IRVINE, Calif., May 8,
2015 /PRNewswire/ --
- Lexmark International, Inc. and Kofax Limited (NASDAQ: KFX)
today announced that the applicable waiting period under the
Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 has
expired with respect to Lexmark's proposed acquisition of Kofax via
merger.
- The German Federal Cartel Office has also granted approval of
the merger.
- As previously announced on March 24,
2015, Lexmark and Kofax entered into a definitive agreement
pursuant to which Lexmark would acquire Kofax in a cash transaction
for $11.00 per share.
- The expiration of the HSR waiting period and the approval by
the German Federal Cartel Office satisfy two of the conditions to
close the proposed acquisition. The proposed acquisition remains
subject to certain other conditions, including the absence of a
material adverse change in Kofax's business and the adoption of the
merger agreement by the Kofax shareholders.
- The shareholders of Kofax are scheduled to vote to approve the
merger on May 18, 2015, and, assuming
shareholder approval, the transaction is expected to close on or
around May 21, 2015.
About Lexmark
Lexmark (NYSE: LXK) creates enterprise
software, hardware and services that remove the inefficiencies of
information silos and disconnected processes, connecting people to
the information they need at the moment they need it. Open the
possibilities at www.Lexmark.com.
About Kofax
Kofax is a leading provider of smart
process applications to simplify and transform the First Mile™ of
customer engagement. Success in the First Mile can dramatically
improve the customer experience, greatly reduce operating costs and
increase competitiveness, growth and profitability. Kofax software
and solutions provide a rapid return on investment to more than
20,000 customers in financial services, insurance, government,
healthcare, supply chain, business process outsourcing and other
markets. Kofax delivers these through its direct sales and service
organization, and a global network of more than 800 authorized
partners in more than 75 countries throughout the Americas, EMEA
and Asia Pacific. For more
information, visit Kofax.com.
Lexmark, the Lexmark logo and Open the possibilities are
trademarks of Lexmark International, Inc., registered in the U.S.
and/or other countries. All other trademarks are the property of
their respective owners.
© 2015 Kofax Limited. Kofax and Kofax TotalAgility are
registered trademarks and First Mile is a trademark of Kofax
Limited.
Additional Information and Where To Find It
On April 14, 2015, Kofax filed a
Form 6-K with the Securities and Exchange Commission ("SEC") that
contained an information statement in connection with the proposed
transaction with Lexmark. The information statement is being sent
or given to Kofax shareholders of record. SECURITY HOLDERS ARE
URGED TO READ THE INFORMATION STATEMENT CAREFULLY BECAUSE IT
CONTAINS IMPORTANT INFORMATION ABOUT KOFAX AND THE PROPOSED
TRANSACTION. The information statement and other relevant
materials, and any other documents filed by Kofax with the SEC, may
be obtained free of charge at the SEC's website,
at www.sec.gov, or by going to the Investor Relations
page on the Kofax corporate website at www.kofax.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this release which are not
historical facts are forward-looking and involve risks and
uncertainties which may cause the company's actual results or
performance to be materially different from the results or
performance expressed or implied by the forward-looking statements.
Factors that may impact such forward-looking statements include,
but are not limited to, failure to receive Kofax shareholder
approval of the Merger Agreement and Statutory Merger Agreement;
failure of other closing conditions causing the Merger Agreement
not to be consummated; litigation or legal proceedings preventing
the consummation of the merger; and other risks described in Kofax
and Lexmark's Securities and Exchange Commission filings. Kofax and
Lexmark undertake no obligation to update any forward-looking
statement.
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visit:http://www.prnewswire.com/news-releases/lexmark-and-kofax-announce-hsr-clearance-for-proposed-transaction-300080330.html
SOURCE Lexmark International, Inc.