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Verbatim Corp

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March 14, 1985 | KATHLEEN DAY, Times Staff Writer
As part of Eastman Kodak Co.'s previously announced plan to expand into the computer floppy disk market, the film and camera giant said Wednesday that it had agreed to acquire Verbatim Corp. of Sunnyvale, Calif., for $175 million. Rochester, N.Y.-based Kodak said that, beginning today, it will offer $7.55 for each of Verbatim's 23.2 million outstanding shares. The acquisition agreement, which requires approval by regulators and Verbatim shareholders, gives Kodak the option to pay $7.
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BUSINESS
March 28, 1990 | From Associated Press
Eastman Kodak Co. said it will sell its Verbatim floppy disk and digital cassette tape business to Mitsubishi Kasei Corp. Mitsubishi, which in 1982 formed a floppy disk joint venture with Verbatim in Japan, will acquire all stock of the Charlotte, N.C.-based subsidiary. The purchase price was not disclosed.
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BUSINESS
March 28, 1990 | From Associated Press
Eastman Kodak Co. said it will sell its Verbatim floppy disk and digital cassette tape business to Mitsubishi Kasei Corp. Mitsubishi, which in 1982 formed a floppy disk joint venture with Verbatim in Japan, will acquire all stock of the Charlotte, N.C.-based subsidiary. The purchase price was not disclosed.
BUSINESS
March 14, 1985 | KATHLEEN DAY, Times Staff Writer
As part of Eastman Kodak Co.'s previously announced plan to expand into the computer floppy disk market, the film and camera giant said Wednesday that it had agreed to acquire Verbatim Corp. of Sunnyvale, Calif., for $175 million. Rochester, N.Y.-based Kodak said that, beginning today, it will offer $7.55 for each of Verbatim's 23.2 million outstanding shares. The acquisition agreement, which requires approval by regulators and Verbatim shareholders, gives Kodak the option to pay $7.
BUSINESS
August 27, 1985
Verbatim Corp., a Sunnyvale-based maker of computer diskettes, said Richard T. Bourns has been promoted to president and chief operating officer, replacing Malcolm Northrup, who resigned. Verbatim is a unit of Eastman Kodak Co.
BUSINESS
March 21, 1985
The Cambridge, Mass.-based photography giant said it acquired "for less than $1 million" the major portion of Sunnyvale, Calif.-based Verbatim Corp.'s Data Encore division. The division copies software onto floppy disks in a way that makes it difficult for software "pirates" to re-copy the material.
BUSINESS
May 10, 1988 | Associated Press
Maxtor Corp. said Monday that it has built the fastest compact disc recorder yet and plans to bring the data-storage device to the market by September. The Tahiti I gives Maxtor an edge over other companies, including Tandy Corp., Sony Corp., Sharp Corp. and Eastman Kodak's Verbatim Corp., that are trying to use the laser technology of compact discs for storing computerized information, analysts said.
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