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BTA Hotline: News

Lexmark's Statement on Counter Offer to the Shareholders of ReadSoft

Tuesday, July 08, 2014  
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Lexmark International Inc. presented a revised offer to the shareholders of ReadSoft of SEK 43.00 on June 19, 2014, representing a 133.7 percent premium compared to the closing share price of SEK 18.40 per class B share in ReadSoft on the last trading day before the announcement of the initial offer on May 6, 2014.

"We acknowledge Hyland Software's latest offer for ReadSoft and are evaluating an appropriate response," said Paul Rooke, chairman and CEO, Lexmark. "We believe that Lexmark is strategically the best home for ReadSoft and its employees.

"Lexmark is evaluating all of its options and will discuss with ReadSoft's board of directors at the appropriate time," Rooke said.

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