Wednesday, November 08, 2006

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, 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.


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