Optical disc giant to buy optical disc giant

Vikingod · Jan 21, 2006, 03:57 AM

Optical disc giant Imation is to buy rival Memorex in a deal worth up to $375m.

Imation will pay $330m in cash, with further potential payments of up to $45m depending on performance in the three years following the acquisition.

Following the deal, Imation expects Memorex to add up to $36m in operating income to the balance sheet.
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Read More / Source: PC Pro

Jan 21, 2006, 03:57 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Optical disc giant to buy optical disc giant Optical disc giant Imation is to buy rival Memorex in a deal worth up to $375m. Imation will pay $330m in cash, with further potential payments of up to $45m depending on performance in the three years following the acquisition. Following the deal, Imation expects Memorex to add up to $36m in operating income to the balance sheet. __________ Read More / Source: PC Pro