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Tribune News Service
Tribune News Service
Business
Cheryl Truman

Lexmark sale to Chinese consortium approved by federal agency

LEXINGTON, Ky. _ Lexmark's sale to the Chinese consortium led by APEX Technology and PAG Asia Capital cleared its hurdle with a U.S. federal agency on Friday.

The Committee on Foreign Investment in the U.S. approved the acquisition.

The deal still has to receive approval from the Chinese government, but that is anticipated by the end of 2016, according to a release from the U.S. Securities and Exchange Commission.

The $3.6 billion all-cash transaction was announced in April.

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