Imation to Acquire Memorex...

[Zim Hosein]

OAKDALE, Minn., Jan. 19 /PRNewswire-FirstCall/ -- Imation Corp (NYSE: IMN) and Memorex International, Inc, today jointly announced that they have entered into a definitive agreement under which Imation will acquire Memorex International in an all cash transaction for $330 million. Additional cash consideration ranging between $5 million and $45 million would be paid out over a period of up to three years after close, contingent on financial performance of the purchased business. The Boards of both companies have approved the transaction.

Imation to Acquire Memorex 😕

 

[Steve]

Crap. I like Memorex's stuff more than Imation's 😛

 

[Zim Hosein]

Originally posted by: sm8000
Crap. I like Memorex's stuff more than Imation's 😛

I'm the opposite! 😛

 

[Kelvrick]

Originally posted by: sm8000
Crap. I like Memorex's stuff more than Imation's 😛

You know neither of them make their own stuff, right?

 

[sniperruff]

i didn't think memorex was making any money. they re-badge stuff and sell it with a bunch of rebates...

 

[Zim Hosein]

Originally posted by: Kelvrick

Originally posted by: sm8000
Crap. I like Memorex's stuff more than Imation's 😛

You know neither of them make their own stuff, right?

I do, I'm just 😕 by the PR wording! 😕