Iomega warming to revised EMC takeover bid
By Darren Murph 
posted Mar 18th 2008 8:40AM
posted Mar 18th 2008 8:40AM
Just a week ago, Iomega turned up its nose at an offer from EMC to buyout the firm for $3.25 per share. Now, however, it's singing a somewhat different tune as EMC has struck back with an entirely more succulent offer of $3.75 per share. Said bid puts a $205.5 million value on Iomega -- based on the 54.8 million shares it has outstanding -- and now it's being reported that "Iomega will enter into discussions with EMC that could lead to a definitive acquisition proposal." Go on you two, don't hold back on those feelings any longer.
show meeee the moneyyyy!!!
Ooh boy, another acquisition for EMC!
EMC is sure buying up companies left and right. They just recently bought Infra, who we use for our issue tracking system. We also use them for our SAN solution.
show me the money :)))
I'm surprised that Iomega is still even in business, much less that someone wants to buy the company.
Without being rude, I wouldn't touch a Iomega drive after the problems I had with one years ago.
However with that said, I thought Iomega would be worth a lot more money than that.
Iomega = Bear Stearns. So sad.
Wow, Iomega passed up an earlier offer? I haven't seen anyone buy an Iomega product for the best part of a decade.
When Iomega reps were reached for comment they said "Click click click".
Living in the land of Iomega HQ, I'm surprised that anyone would want them. They are a dead company, their R&D department effectively closed a while back and there are literally less than a shell of their former "click, click, click" . . .