Lexmark (LXK) Higher on Lenovo Takeover Rumor

Printer maker Lexmark International Inc. (NYSE: LXK) is moving higher mid-day on rumors China PC-Maker Lenovo may target the company in a buyout as it seeks to build a major printer business. Reports originaly surfaced at CRN.com, which cited comments from analysts. Link

Lexmark currently manufactures Lenovo-branded, according to the report.

Shares of Lexmark are 3.8% on heavier than normal volume in mid-day action Wednesday.

UPDATE: 2:20PM ET: Lexmark comes off highs. Hearing sell-side firm saying they don't think Lenovo will buy the company.