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Imation Acquires TDK Brand Recording Media Business

malware

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#1
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, manufacturing and OEM business. The boards of directors of both companies have approved the transaction.


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WarEagleAU

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#2
Well, at least they keep the ODD making part and R&D. I have mixed reviews on Imations, though most of my burns at various speeds (around 80% of burns, so not bad) were working, 20% were coasters. I dont like Coasters. However, I have never had a problem with TDK media, in fact, I believe they are Taiyo Yuken (SP?) media made, I think, which is considered the best. Im not sure if Imation will make the media or, as it states, TDK will supply them with the media and Imation gets the money under the TDK brand name. Thanks for the information.