On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
55° Feels Like: 55°
Wind: SSW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Showers 48°

Tomorrow

Showers 65°

Mon Night

Showers 50°

Alerts

Imation buys storage systems provider Nexsan for $120 million

(Reuters) - Storage and data security company Imation Corp bought Nexsan Corp, a privately held provider of disk-based storage systems, for about $120 million in cash and stock.

Imation will pay $105 million in cash and $15 million in stock, the company said in a statement.

Shares of Imation closed at $4.67 on the New York Stock Exchange on Monday.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Joyjeet Das)

Comments