In a report in CRN Australia, Xerox Chairman and CEO Anne Mulcahy said Friday the company would have little use for Lexmark if the company bought it out, tossing cold water on a question over whether they would buy Lexmark: “There is nothing that Lexmark would bring to the table that would really be value-creating for us.”
“….Lexmark, Lexington, Kentucky, is in the midst of a difficult year in which it has seen sales and earnings under pressure, an underperforming consumer business and pressure in the part of its business that makes and sells printers to OEM customers, like Dell….”
Lexmark reports its earnings Tuesday. It is one of the largest employers in Lexington, and the biggest employer of high-tech talent in the city. It has been the subject of increasing takeover chatter in recent weeks despite stock upgrades by some analysts last month.
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