InFocus entertains new last minute buyout offer
04/23, 4:45pm
New InFocus buy-out offer
Last week's announcement by projector manufacturer InFocus that it is getting bought out by Image Holdings Corporation (IHC) for $39 million may have been premature, according to a Thursday Twice report. InFocus' board of directors said late on Wednesday that it received a last-minute take over proposal, but did not reveal the name of the new suitor. Little other information about the new deal was revealed, other than that the InFocus board will discuss the new offer, but still support the existing offer.