Lexmark to Take Chinese Lessons
May 6, 2016
Dateline Harrod’s Creek, Kentucky. A buzz echoed in the hollow where I live. The message brought good news to Chinese language instructors. When Reuters distributed “Consortium Led by China’s Apex to Buy Lexmark for $3.6 Billion,” a demand for Chinese lessons rippled through the weeds growing around the pond filled with mine drainage.
The write up stated:
Printer maker Lexmark International Inc has agreed to be taken private by a group of investors led by China-based Apex Technology Co Ltd and PAG Asia Capital in a deal valued at $3.6 billion net of cash, the company said….Lexmark said the deal will help its efforts to penetrate the Asia Pacific market.
What if Apex makes Lexmark a money machine? Think about IBM. Lenovo snapped up the IBM PC business. Now the former IBM printer outfit will go across the international date line. What’s next for IBM in the sell off space? Perhaps an outfit in China will ignore the chunks which IBM has divested and go after the whole enchilada.
Big news from the Bluegrass state, but it will not overshadow the Kentucky Derby.
Stephen E Arnold, May 6, 2016
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
