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TMS Tms International Corp. Class A

17.49
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tms International Corp. Class A NYSE:TMS NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.49 0.00 01:00:00

Technicolor Sells Convergent Media Systems To Sony Electronics

28/01/2010 7:49am

Dow Jones News


Thomson (NYSE:TMS)
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Technicolor (TMS.FR), which was previously called Thomson SA, Thursday said it sold its convergent media systems activities to Sony Electronics Inc., a unit of Sony Corp. (SNE).

MAIN FACTS:

- The terms of this transaction are financially non-material to Technicolor.

- The transaction, which closed Jan. 27, affects 150 full-time employees in North America.

- Convergent Media Systems is specialized in digital signage and content distribution systems and lies outside the scope of Technicolor's strategic focus on content creators.

- The divestiture process for Thomson's Grass Valley, Screenvision and PRN units continues.

- Thomson SA shareholders Wednesday approved a name change to Technicolor.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; ruth.bender@dowjones.com

 
 

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