Pulse2 Technology and Social Media News » Image Holdings Corporation http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Projector Company InFocus Acquired For $39 Million By IHC http://pulse2.com/2009/04/13/projector-company-infocus-acquired-for-39-million-by-ihc/ http://pulse2.com/2009/04/13/projector-company-infocus-acquired-for-39-million-by-ihc/#comments Mon, 13 Apr 2009 22:25:10 +0000 Amit Chowdhry http://pulse2.com/?p=13931 Continue reading →]]> Image Holdings Corporation (IHC) has acquired InFocus, a digital projector company. IHC was founded by eMachines co-founder John Hui. InFocus was getting closer to bankruptcy by the time IHC acquired them. IHC paid about $0.95 per share to buy the projector company.

The $0.95 per share is a 36% premium above the closing price of their stock price on Friday, giving them a market cap of about $26.5 million. InFocus lost about $13.1 million in the fourth quarter of 2008 on revenues of roughly $51.4 million.

[via TGDaily]

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