Today, Clinton Group, Inc. ("Clinton
Group"), a stockholder of Imation Corp. ("Imation" or the "Company") IMN, issued an open letter to shareholders of Imation Corp. Clinton Group is
seeking shareholder support to elect its nominees for the Company's Class I
slate of Directors.
"We are disappointed that the Company and its host of advisors (Houlihan
Lokey, ICR, Innisfree and Dorsey & Whitney) have chosen the manner in which to
debate the future of Imation evident in their shareholder letter this
morning. We look forward to a referendum from shareholders regarding change
that we believe is clearly warranted, and our nominees look forward to
collaborating with the continuing Directors of the Company in a productive and
professional manner," said Joseph A. De Perio, Senior Portfolio Manager at
Clinton Group.
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