Lexmark Shares Rally On Takeover Agreement

Lexmark International Inc. shares rallied in the extended session Tuesday after the printer and software company agreed to be acquired by Apex Technology Co. and PAG Asia Capital for $3.6 billion in cash. Lexmark shares jumped 13% to $39 after hours. Under the agreement, Apex and PAG will acquire Lexmark for $40.50 a share in cash. The companies expect the deal to close by the second half of 2016.