Reuters: Technology News: Imation buys storage systems provider Nexsan for $120 million

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Imation buys storage systems provider Nexsan for $120 million Jan 2nd 2013, 13:15 Wed Jan 2, 2013 8:15am EST (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.

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