Lenovo buys Medion

Lenovo targets European growth with Medion acquisition

China’s Lenovo is buying a leading German computer business, valued at $831 million, to help drive growth in Europe.
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Lenovo's acquisition of Medion makes it Germany's third-biggest computer company
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<div style="text-align: left;"> Lenovo's acquisition of Medion makes it Germany's third-biggest computer company </div>

Lenovo is back on the acquisition trail after agreeing to buy German computer company Medion. It is the Chinese company’s biggest acquisition since its landmark takeover of IBM in 2004 a deal that launched a thousand seminars on the “China outbound” phenomenon.

This deal is smaller and more strategic. Lenovo has agreed to buy 37% of Medion’s outstanding shares from Gerd Brachmann, the company’s founder and chief executive, at 13 $18.60 a share. Brachmann currently owns 60% of the company. Lenovo has also made an offer to buy anywhere from 15% to the full 40% of shares owned by the public, at the same price. This puts a price tag...

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