Imation completes $329M purchase of Memorex (Pioneer Press)
Oakdale-based Imation Corp., which makes disks and tapes for storing computer data, said Monday it completed its $329 million acquisition of Memorex from Hanny Holdings of Hong Kong and other shareholders. Payments between $5 million and $45 million will be made to Imation up to three years after close based on Memorex's financial performance. Imation said it expects the maker of recordable