Scitex Is in Talks to Sell Two Units, Report Says By Bloomberg

Monday , Dec 13, 1999 Sun-Thu at 18:00 (GMT+2) Source: High Tech News, Globes of Israel Scitex, an Israeli maker of digital printers, is in talks to sell two of its main units, Yediot Ahronot reported, citing unidentified sources. The company plans to sell part of its digital printing business to Canada’s Creo Products for about $400 million, the newspaper said. Also, the company is in talks to sell its wide-format color printers unit to Nur Macroprinters, which makes competing products, in exchange for shares. Last month, Scitex said three of its biggest shareholders agreed to acquire the 13.3 percent stake owned by International Paper, the No. 1 paper maker, for $80 million.