Lexmark International, Inc. (LXK) declared on Monday that around 98% of ReadSoft’s shareholders have agreed its revised tender proposal of Swedish Kroner 57.00 a share, as of Sept. 4. The firm will have to pay a sum consideration of around $251M to purchase ReadSoft. Lexmark at present holds in excess of 90% of the shares in ReadSoft and it aims to request a compulsory acquire of the outstanding minority shares of the Swedish firm Settlement for the shares tendered before the Sept. 4 ending date of Lexmark’s tender offer is anticipated to start around Sept. 11.
Chief Financial Officer of Dow Chemical Co. (DOW), William (Bill) Weideman, has chosen to give up work, after 38 years of service with the firm. In the meantime, Howard Ungerleider would restore him as CFO by means of effect from October 1, 2014. Recently, Weideman work as executive VP and CFO, a role he implicit in November 2009. He would formally leave at the end of 2014, and would begin working with Ungerleider to ensure a smooth transition of leadership errands. Furthermore, Dow exposed certain managerial leadership meetings to maintain the firm’s aggressive focus on performing against its strategic priorities. Accordingly, James (Jim) Fitterling has been appointed vice chairman of Business Operations; and Joe Harlan has been hired as chief commercial officer and vice chairman of Market Businesses.