Dan Pederseng
April 25, 2011
EMC bids $ 178 million and rushes to buy Iomega with the Great Wall science and technology

Yesterday, the American computer stored the manufacturer Iomega Company and claimed he received 178 million dollars that EMC Company puts forward voluntarily and purchased request, but Iomega represent, the intersection of purchase and terms of EMC than before the this with the intersection of the Great Wall and the intersection of agreement and terms that science and technology reach superior.


It is reported, EMC submits the purchase of every strand of 3.25 dollars to offer, than Iomega 22% higher of quinary closing price last week.


EMC is that the network of maximum stores providers in the world. But in Iomega’s view, the intersection of purchase and the intersection of scheme and with the intersection of the Great Wall and more attractive agreements science and technology reach their so of EMC.


Last December, Iomega issues 84 million shares of common shares and adds extra cash of 50,000 dollars and replaces the Great Wall science and technology, Shenzhen where ExcelstorGroup and ExcelstorHoldings hold is easy to open up Science Technologies Co., Ltd. and easy to open up all stock rights of Science Technologies Co., Ltd. of the Great Wall. If the trade is finished, will hold the common share of Iomega about 43% in the Great Wall science and technology and affiliate, thus become the first big shareholder of the latter.