The following appears on Finance.Yahoo.com


Shares of Lexmark International Inc. LXK jumped last Friday, after the printer and imaging products manufacturer revealed in an SEC filing, that the Committee on Foreign Investment in the United States (CFIUS) has approved its proposed buyout by a Chinese consortium.

Per the filing, the CFIUS found no unresolved national security issues related with the acquisition, and has thus given the green signal. However, it has asked the parties acquiring Lexmark to sign a national security agreement with the U.S. Departments of Defense and Homeland Security.

The clearance from CFIUS has removed a major hurdle associated with the acquisition. Upon this disclosure, shares of Lexmark hit a new 52-week high of $40 last Friday before settling slightly below at $39.96, representing an intraday gain of approximately 13.8%.


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