Friday, February 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Net Neutrality Rules Pass FCC
Apple To Hold Watch Event on March 9
ARCHOS Expands Selection of Smartphones During Mobile World Congress
LG 's 2015 OLED And LED 4K ULTRA HD TVs Now Available in The U.S.
WD Adds New NAS Solutions for Business Users to My Cloud Line
Toshiba Launches 8 Megapixel CMOS Image Sensor for Smartphones and Tablets
Samsung To Showcase IoT, Network Functions Virtualization and 5G Technologies at MWC 2015
Intel Introduces New Brand Levels for the Intel Atom Processor
Active Discussions
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
Why Double Logins ?
 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 In Merger Talks With Other Companies: reports
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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .