Kofax, Lexmark Get Nod On Acquisition Deal

Irvine-based Kofax Limited and Lexmark International said late Friday that the two companies have received Hart-Scott-Rodino (HSR) Antitrust clearance on the proposed acquisition of Kofax by Lexmark. The two had announced in March that Lexmark would pay $11.00 per share in cash--or approximately $1 billion--for Kofax. the two companies said that it also recently received approval from the German Federal Cartel Office on the proposed transaction. The two are now expecting a close of the deal on or around May 21st. The companies announced the deal back in March. Kofax is a developer of document processing software and hardware.