Wednesday, November 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Tracks Apps Installed On Your Device, Introduces Offers
Ubisoft Apologizes For Assassin's Creed Unity Issues, Offers Free Game
Europe Wants Right-to-be Forgotten to Go Globally
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
UK Music Industry Seeks For New Tax on CD Copying
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Sony Plans E-Paper Watch: report
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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 1998-2014 - All rights reserved -
Privacy policy - Contact Us .