July 15 (Reuters) - Imation Corp:
* Announces broad settlement ending legal disputes with Philips
* Says will pay Philips $53 million over a period of three years
* Says pre-tax cash impact for 2009 will be approximately $16.5 million
* Says other terms of the settlement were not disclosed
* Says impact occurring during the second half of this year.
* Says record a charge, of approximately $49 million or $0.81 per share in Q2
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces broad settlement ending legal disputes with Philips
* Says will pay Philips $53 million over a period of three years
* Says pre-tax cash impact for 2009 will be approximately $16.5 million
* Says other terms of the settlement were not disclosed
* Says impact occurring during the second half of this year.
* Says record a charge, of approximately $49 million or $0.81 per share in Q2
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.