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Article: Imation to Buy TDK Brand Recording Media Business

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Wireless News
Article date:
April 24, 2007
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Wireless News
04-24-2007
Imation to Buy TDK Brand Recording Media Business

WIRELESS NEWS-April 24, 2007-Imation to Buy TDK Brand Recording Media Business (C)2007 10Meters - http://www.10meters.com

Imation and TDK announced 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, manufacturing and OEM business. The boards of directors of both ...

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