On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

650 AM Hibbing, Minnesota

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
38° Feels Like: 30°
Wind: NE 12 mph Past 24 hrs - Precip: 0.07”
Current Radar for Zip

Today

Rain 38°

Tonight

Rain/Snow 31°

Tomorrow

Rain/Snow 46°

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