Imation to acquire Memorex

Data storage maker Imation is poised to acquire Memorex International for US$330 million in cash.

in brief Data storage maker Imation is poised to acquire Memorex International for US$330 million in cash.

Memorex, a manufacturer of recordable magnetic tape for data storage, reported revenues of US$430 million and an operating income of US$30 million in the 2005 financial year.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All