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[QUOTE]Originally posted by onecentlotto: [QB] News. *DJ Imation Doesn't See Material Effect From Tandberg, Exabyte Merger 08/30/2006 Dow Jones News Services (Copyright © 2006 Dow Jones & Company, Inc.) (MORE TO FOLLOW) Dow Jones Newswires 08-30-06 1709ET Copyright (c) 2006 Dow Jones & Company, Inc. DJ Imation: Exabyte Note Restructuring Won't Affect Results DOW JONES NEWSWIRES Data-storage company Imation Corp. (IMN) said restructuring agreements concerning its holdings of Exabyte Corp. (EXBY) convertible notes won't materially affect Imation's financial results. Tandberg Data ASA (TAA.OS) recently agreed to acquire Exabyte Corp. for $28 million, and as part of the deal, required Exabyte to restructure the notes, which are also held by Hitachi Ltd. (HIT) and Solectron Corp. (SLR). According to Exabyte, the restructuring would reduce amounts currently due under various debt instruments, and require that new or restructured notes be issued, payable in certain circumstances, as well as the waiver of any existing and future events of default. -John Seward; 201-938-5400; AskNewswires*dowjones.com (END) Dow Jones Newswires 08-30-06 1751ET Copyright (c) 2006 Dow Jones & Company, Inc. Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. [/QB][/QUOTE]
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