Cyber Monday Edition: Cyber Deals @Amazon | Cyber Deals @Walmart | Cyber Deals Tracker

InFocus Selling for $39 Million

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

This story may contain affiliate links.

InFocus Selling for $39 Million
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy infocus projector from Amazon Cyber Monday and Black Friday Now

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

Cyber Monday 2015 Deals and News

Cyber Monday 2015 @I4U News:

Cyber Monday 2015 Deals Tracker - Find the best Cyber Deals to Buy Now

Cyber Monday Deals @Amazon - Hottest Amazon Cyber Deals

Cyber Monday Deals @Walmart - Top Walmart Cyber Deals

Cyber Monday Deals @Best Buy - Top Best Buy Cyber Deals

Cyber Monday Deals @Sam's Club - Best Sam's Club Cyber Deals

Cyber Monday Deals @Target - Best Target Club Cyber Deals

Leave a Comment

You May Also Like


Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

Read the Latest from I4U News