Thursday, July 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Discover New Smartphone Flaws
U.S. Government Issues Warning About Malicious Software
Hackers Can Use USB Devices in Attacks
Next Apple TV Release Delayed
CoD: Advanced Warfare Collector's Editions Announced
Lite-On IT Merged With Lite-On
AMD Introduces New Kaveri APUs for System Builders
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > EMC to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 09, 2008
EMC to Buy Iomega


Iomega said on Tuesday it had accepted an increased cash takeover offer of $213 million from EMC, a leader in information infrastructure solutions.

The deal allows EMC, the world's largest data-storage provider, to expand in the consumer and small business markets.

EMC will pay $3.85 per Iomega share.

Iomega had rejected EMC's initial offer and then began talks when the larger company sweetened its bid to $3.75 a share, or $205.5 million, in March.

Last December, Iomega had signed a deal to buy ExcelStor, a unit of Great Wall Technology, in a stock swap valued at the time at $306 million. That deal would have made Great Wall its largest shareholder.

Iomega said on Tuesday it paid $7.5 million to terminate the ExcelStor deal in favor of EMC's offer.

Iomega said on March 17 it was prepared to enter talks with EMC, after it sweetened its offer to $3.75 a share.

EMC said the acquisition, expected to be completed in the second quarter, would have no material impact on EMC finances.

Iomegais a maker of network-attached storage products, external hard-disk drives and removable storage.


Previous
Next
First Eight OEM Platforms Featuring Quad-Core AMD Opteron Processors Now Available        All News        Yahoo's Flickr Expands Into Online Video
Microsoft Security Bulletin Summary for April 2008     General Computing News      Yahoo's Flickr Expands Into Online Video

Get RSS feed Easy Print E-Mail this Message

Related News
EMC Acquires Flash Storage Company DSSD
IBM, Oracle, EMC To Face China Probe Over Security Concerns: report
Lenovo and EMC Create LenovoEMC JV
EMC, VMware Form Pivotal Initiative
Iomega StorCenter px12-450r Network Storage Array Relased
Lenovo and EMC Team Up in Worldwide Partnership
Iomega New Flagship NAS Comes With McAfee Security on Storage
EMC Selects HGST SSDs
EMC Launches VFCache PCIe Cards
Iomega Releases The eGo Mac Edition Portable Hard Drive
EMC To Release Outlines Strategy to Accelerate Flash Adoption
Iomega Brings External USB 3.0 SSD Flash Drives To the Market

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .