67.9 F
San Diego
Friday, Jan 27, 2023
-Advertisement-

EMC to Pay $213M for Iomega Shares

Massachusetts-based EMC Corp. said April 25 that it commenced its tender offer for all outstanding shares of Iomega Corp., a San Diego-based storage device maker. EMC is paying $3.85 per share, or $213 million. The tender offer ends May 21.

The Federal Trade Commission on April 22 declared an early end to the Hart-Scott-Rodino antitrust law waiting period.

Iomega is traded as IOM on the New York Stock Exchange.

, Brad Graves

- Advertisement -

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-