|
|
Article: Imation and TDK Agree to Imation's Acquisition of TDK Brand Recording Media Business for $300 Million in Stock and Cash.
- Article from:
- PR Newswire
- Article date:
- April 19, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TDK to Take Approximately 17 Ownership Stake in Imation Seat on Imation Board of Directors
Transaction Expected to Close in Calendar 3rd Quarter 2007
TOKYO and OAKDALE, Minn., April 19 /PRNewswire-FirstCall/ -- Imation Corp. and TDK announced today that they have reached a definitive agreement under which Imation will acquire TDK brand world wide recording media business and use of the TDK brand name for recording media products, for $300 million in a combination of Imation common stock and cash with potential for payment of up to an additional $70 million based on future financial performance of the acquired business. TDK will retain its R&D, ...