Vivekanand Mahadevan is on the board of both companies and is a crony from the Overland days.
VMEM is down 99.8% over the past 32 months. Delisted last month from the NYSE, now a OTC piece of junk. Burned through $600M and turned it into a $5M joke on the verge of bankruptcy.
Clinton Group is a bagholder of VMEM and also a baggy of Imation. Could have played a roll in the RDX deal.