Tuesday, May 22, 2007

UPDATE 1-Imation says TDK deal to dilute 2007 EPS; ups rev view

(Reuters) - The recording disk and tape maker however said the earnings
dilution will be partly offset by a stock buyback of $100
million, under an existing five million share authorization.




In a statement, Imation said it now expects earnings of
$1.41 to $1.54 a share for 2007, down from its prior earnings
view of $2.29 to $2.42 a share which it forecast in January.


Read more at Reuters.com Mergers News

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