Iomega Accepts $213M EMC Purchase Offer

It’s official. Just weeks after EMC sweetened its previously spurned purchase offer, San Diego-based storage maker Iomega has formally accepted a takeover bid from the Hopkington, MA-based data management and infrastructure company, the two firms announced today. The final price of approximately $213 million, or $3.85 per share, is slightly higher than the sweetened $205.5 million bid reported on March 17. Iomega had previously rejected a $180 million offer.

Bob is Xconomy's founder and chairman. You can email him at [email protected] Follow @bbuderi

Trending on Xconomy

By posting a comment, you agree to our terms and conditions.

Comments are closed.