Lexmark International has agreed to be acquired by Apex Technology and PAG Asia Capital for $3.6 billion or $40.50 per share.
Excluding debt, the transaction is valued at about $2.54 billion.
The deal represents a 16 percent premium to its Tuesday closing price of $34.66. Shares of Lexmark gained as much as 12 percent in after-hours trading on the news.
Upon closing the deal, Lexmark's common stock will no longer be publicly traded on the New York Stock Exchange. The merger is expected to be completed in the second half of 2016.