3M's Imation progeny opens for business

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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.

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