News Center | Press Releases

TDK Purchases Additional Imation Corp. Shares

Information contained in the news releases are current as of the date of the press announcement, but may be subject to change without prior notice.

TDK Purchases Additional Imation Corp. Shares


December 6, 2007

TDK Corporation (NYSE: TDK) today purchased an additional 915,000 shares of common stock of Imation Corp. (Minnesota, U.S.A.; Frank Russomanno, President and CEO). This purchase follows receipt of 6,825,764 shares of Imation's common stock as part of consideration for the transfer of the TDK brand recording media business to Imation on August 1, 2007.

As a result of today's share purchase, TDK now owns 7,740,764 shares (equivalent to a shareholding of 20.01%) of Imation common stock and will treat Imation as an equity-method affiliate.

  1. Details of the Additional Share Purchase
    (1)  No. of shares purchased: 915,000
    (2)  Type of shares: Imation Corp. common stock
    (3)  Purchase date: December 5, 2007
  2. Change in TDK's Shareholding in Imation
    Shareholder As of August 1, 2007 As of December 5, 2007
    TDK 6,825,764 shares 7,740,764 shares
  3. Outlook
    Today's purchase of additional Imation shares will have no effect on TDK's consolidated operating results.

For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: pr@jp.tdk.com

Recommendations

  •  
  •  
  •