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3M's Imation progeny opens for business
July 31, 1996
3M spinoff Imation officially began operations this month as anindependent company. The Oakdale, MN, firm includes the businessthat was formerly 3M's medical imaging systems division (SCAN4/24/96). Imation's business units generated $2.3 billion in
3M spinoff Imation officially began operations this month as an
independent company. The Oakdale, MN, firm includes the business
that was formerly 3M's medical imaging systems division (SCAN
4/24/96). Imation's business units generated $2.3 billion in revenues
last year. Imation stock began trading on the New York Stock Exchange
July 16, with its price hovering at about $23 a share in mid-July.