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 bbuderi@xconomy.com. Follow @bbuderi

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