Lexmark International Group Inc, the parent company of the printer manufacturer of the same name, announced that a public offering of approximately 7.7 million shares of its common stock by certain current stockholders has been priced at $45 per share, the closing price on the NYSE on March 18. Of the roughly 7.7 million shares being sold, about 6.2 million are being sold in the US and 1.5 million shares are being sold in a concurrent international offering. The stockholders have also granted the underwriters 30-day over-allotment options to purchase up to approximately 770,000 shares. The company and its management aren’t going to sell any shares in the offering. Lexmark also says that separately it’s buying back up to $86.76m worth of shares.
