Amid rumors and speculation about Lexmark’s plans for a sale after a 2015 announcement that the Board of Directors was exploring “strategic options” comes a Reuters report that the firm is considering divesting its hardware and software assets separately.
Following its Q3 earnings report, which included growth in Enterprise Software but a struggling laser business, Lexmark disclosed that its board was exploring strategic alternatives to enhance shareholder value … all options, including a possible sale of the company (read more here).
In late December, Photizo Group reported it had received an unsolicited letter from Lexmark Employees for Ethical Conduct (LEEC) stating the firm was preparing to sell to Konica Minolta, which had no interest in taking ownership of Enterprise Software.
On late Tuesday, Reuters reported that Lexmark was “considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process,” citing “people familiar with the matter” who asked not to be identified as the source.
The Reuters report states that Lexmark has held discussions with potential buyers that have not yet yielded positive results, and that the firm was now having conversations with private equity firms.
In a statement, the firm said “Lexmark does not intend to comment on the exploration process or disclose further developments until the board approves a specific transaction or otherwise concludes the exploration of strategic alternatives.”