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.
Imation Corp. (Imation) is a global scalable storage and data security company. Shares of IMN remained unchanged at $4.67. In the past year, the shares have traded as low as $3.81 and as high as $6.60. On average, 84773 shares of IMN exchange hands on a given day and today's volume is recorded at 0.
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