Business

Lexmark wins battle for Swedish company ReadSoft

Lexmark has apparently won its bidding battle with Hyland Software for the Swedish company ReadSoft.

Hyland Software withdrew its offer on Friday.

Most recently, on Aug. 4, Hyland had offered 55 Swedish krona ($7.95) per share for ReadSoft shares. However, Lexington-based Lexmark said in an Aug. 20 press release that it had acquired majority voting control of ReadSoft shares.

In a Friday release, Lexmark said it is still moving forward with its plans to buy remaining ReadSoft stock for 57 Swedish krona ($8.24) and has extended its acceptance period for the offer to Sept. 4.

ReadSoft is part of Lexmark's recent series of company acquisitions that give it a worldwide foothold in information management.

ReadSoft has more than 12,000 customers in 70 countries worldwide.

  Comments