InFocus Selling for $39 Million

Apr 14 2009, 8:00am CDT | by , in News | Home Entertainment

InFocus Selling for $39 Million
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InFocus corporation makes a line of digital projectors for the home, office, and education use. The company announced today that it was entering into a merger agreement with Image Holdings Corporation. IHC is an Oregon based company controlled by John Hui, co-founder of eMachines computers.

InFocus has declared that all shareholders accept and tender their shares of the company into the offer. The selling price is $0.95 per share for a total of $39 million, a premium of 36% over what the shares have been trading for.

The deal is subject to at least 65% of the shares of the company being tendered and is subject to customary closing conditions and the absence of any defect from the InFocus business. After the merger InFocus will be a wholly owned subsidiary of IHC and the deal is expected to close in Q2 2009.

Via InFocus

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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