Office equipment manufacturer Xerox (XRX.US) announced on Monday that it will acquire printer and printing software manufacturer Lexmark International for $1.5 billion to enhance its core Business. Xerox's stock price rose by 7%.

This acquisition from Ninestar Corporation, Taishin Asia Capital, and Shanghai Shoudal Investment Center allows Lexmark to regain ownership in the USA. Lexmark was founded by IBM (IBM.US) in 1991 and was sold to Chinese investors for $3.6 billion in a Trade in 2016.