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Article: Imation and TDK Agree to Imation's Acquisition of TDK Brand Recording Media Business for $300 Million in Stock and Cash; TDK to Take Approximately 17% Ownership Stake in Imation Seat on Imation Board of Directors. Transaction Expected to Close in Calendar 3rd Quarter 2007.
- Article from:
- M2 Presswire
- Article date:
- April 19, 2007
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M2 PRESSWIRE-19 April 2007-IMATION CORPORATION: Imation and TDK Agree to Imation's Acquisition of TDK Brand Recording Media Business for $300 Million in Stock and Cash; TDK to Take Approximately 17 Ownership Stake in Imation Seat on Imation Board of Directors. Transaction Expected to Close in Calendar 3rd Quarter 2007(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:19042007
Imation Corp. (NYSE: IMN) and TDK (NYSE: TDK) announced today that they have reached a definitive agreement under which Imation will acquire the 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 ...