Lexmark Surges on Plans to Cut Jobs, Explore Inkjet Sale
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Lexmark International Inc., a U.S. printer maker, rose the most in more than a year after announcing plans to eliminate about 13 percent of its workforce and explore a sale of its inkjet technology.
Lexmark gained 14 percent to $21.62 at the close in New York, for the biggest increase since July 2011. The shares have dropped 35 percent this year.