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04.08.2008 - EMC to Acquire Iomega



View Iomega related news. HOPKINTON, Mass. and SAN DIEGO, Calif. - April 2, 2008 - EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, and Iomega Corporation (NYSE: IOM), a global leader in data storage and protection for consumers and small businesses, today announced a definitive agreement for EMC to acquire San Diego-based Iomega in a cash tender offer of $3.85 per outstanding share, or approximately $213 million. The addition of Iomega's products, brand name, route to market and industry expertise will enhance EMC's reach and focus in the rapidly-growing consumer and small business markets.

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NID: 21387 / Submitted by: TACKtech Team
Categories: Press Release
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