On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
70° Feels Like: 70°
Wind: ESE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Cloudy 79°

Tonight

Mostly Cloudy 65°

Tomorrow

AM Clouds/PM Sun 85°

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