BUZZ-Xerox falls on $1.5 bln deal to buy Lexmark

Reuters12-23 20:00

** Shares of office equipment-maker Xerox Holdings XRX.O fall 1.6% to $8.26 premarket

** XRX to buy printer-maker Lexmark International from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 bln

** Deal to strengthen the Xerox core print portfolio and build a broader global print and managed print services business - XRX

** Co says the deal is expected to close in the second half of 2025

** Up to last close, stock down ~54% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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