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Overland Storage Inc Enters Into Definitive Agreement To Acquire Tandberg Data

Friday, 1 Nov 2013 06:30am EDT 

Overland Storage Inc and Tandberg Data Holdings S.a.r.l. announced a definitive agreement for Overland to acquire Tandberg Data, a privately held company of data storage and data protection solutions that generated revenue for the twelve months ended June 30, 2013 of approximately $60 million on a US GAAP basis. The acquisition is currently expected to be completed by the end of December 2013, subject to customary closing conditions, shareholder and regulatory approvals. 

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0.15 +4.09%
19 Sep 2014