Iomega Shareholder Challenges Planned EMC Merger
EMC, which makes data storage and management software, offered on April 24 to buy Iomega, which makes data storage devices, at $3.85 per share. Under the merger deal, which must still be approved by American and European antitrust authorities, Iomega would survive as a wholly owned subsidiary of EMC.
Shareholder Fievel Gottlieb filed his complaint May 8 in the...
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