1. To allow the merger, Congress imposed some pretty onerous restrictions on any collaboration between the two companies. There is a Lexmark board of former US generals who are supervising the divison. 2. Nine star is the owner, but a lot of the preferred equity used to fund the deal came from PAG, an asian private equity firm. Their investment accrues at a pretty high interest rate and eats into Ninestar’s returns. 3. The whole thesis was that Ninestar would be able to control the amount of counterfeit ink for Lexmark printers. But with another Trump term, and lack of ability to integrate the two, the thesis is broken.