Imation To Explore Options To Unlock Embedded Value In CSA, TSS Business Units

(RTTNews) - Imation (IMN), a data storage and information security company, Tuesday said it has been working with Houlihan Lokey as its financial adviser to explore options to unlock embedded value within its consumer storage and accessories or CSA and tiered storage and security solutions or TSS business units.

Imation's strategic transformation 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 commercial-centric - and the divestiture of some under-performing and non-core businesses.

Imation said that throughout the transformation, the company continued to maintain a strong cash position, which has provided financial flexibility to continue comprehensively reviewing strategic alternatives from a position of strength.