Printed from http://www.electronista.com

InFocus entertains new last minute buyout offer

updated 04:45 pm EDT, Thu April 23, 2009

New InFocus buy-out offer

Last week's announcement by projector manufacturer InFocus that it is getting bought out by Image Holdings Corporation (IHC) for $39 million may have been premature, according to a Thursday Twice report. InFocus' board of directors said late on Wednesday that it received a last-minute take over proposal, but did not reveal the name of the new suitor. Little other information about the new deal was revealed, other than that the InFocus board will discuss the new offer, but still support the existing offer.

Maker of the original bid, eMachines' co-founder John Hui, has been informed by InFocus about the new proposal, as have the company's investors.

At the time, IHC's bid of nearly $39 million represented a significant premium over InFocus' stock price, at 36% over the price of the previous day's trading, and a 90% premium over a 30-day average closing price.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Polk Audio 4 Shot headset

Sound quality and design are two of the biggest areas of focus for manufacturers when coming up with a new gaming headset. Depending o ...

Patriot Supersonic Phoenix USB 3.0 drive

USB thumb drives aren't the end all solutions for data transfer and traveling needs. Sometimes people want something with a little mor ...

Sponsor

toggle

Most Commented

 
toggle

Popular News