xiwyxucupewox.blogspot.com
billion. Santa Clara-based Data Domain (NASDAQ:DDUP) said it favore a revised merger agreemenfwith Sunnyvale-based (NASDAQ:NTAP) for the same price. "Our board is committed to enhancing stockholder value and, after careful review with our outside determined that the $30 per share EMC Offer is not in the best interestzs of our stockholders at this time," said Frank president and CEO of Data "We are pleased with the revise terms of NetApp's acquisition offer and feel it will provide greatt value to our shareholderd and customers.
" Among its Data Domain cited a binding, negotiated commitmenrt between itself and NetApp, and the lack of a "confidentialityh and standstill" agreement with NetApp. It also notefd the "conditional" nature of the Hopkinton, Mass.-based EMC offeer and the fact that NetApp would be oweda $57 million termination fee. Qatalyst Partners is servingf as financial advisor andFenwicj & West LLP is servinh as legal counsel to Data Domain. EMC and NetApp have been vyinvg for Data Domainsince May. The company focusex on technology that cuts down ondata centers' duplicated information.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment