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Imation Corp. (IMN) Announces Plans to Explore Options

February 10, 2015 7:05 AM EST

Imation Corp. (NYSE: IMN) provided an update on its continuing transformation and announced that it has been working with Houlihan Lokey as its financial adviser to explore options to unlock embedded value within its consumer storage and accessories (CSA) and tiered storage and security solutions (TSS) business units.

Imations strategic transformation has been a multi-year process that has included key acquisitions to bolster its Mobile Security products and Storage Solutions offerings, a major restructuring and down-sizing that created two distinct business units consumer-centric and... More