Storage Products Company Procom Goes Private

December 14, 2006

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Irvine-based Procom Technology Inc., a maker of data storage devices, goes private today by combining with a company set up by its chief executive.

Procom is being bought by CNDL Acquisition Corp., which was started by Procom Chief Executive Alex Razmjoo.

The deal is estimated at about $16 million.

Procom’s stock trades on the low-profile Pink Sheets exchange.

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