| By Salvatore Genovese | Article Rating: |
|
| June 4, 2009 10:00 AM EDT | Reads: |
5,854 |
The Board of Directors of Data Domain (NASDAQ:DDUP) commented on the unsolicited offer it has received from EMC Corporation (NYSE:EMC) to acquire all of the outstanding shares of Data Domain common stock for $30.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Data Domain’s Board is reviewing EMC’s offer. At this time, the Board is not making a recommendation with respect to the EMC offer.
Data Domain requests that its stockholders defer making a determination whether to accept or reject EMC’s offer until Data Domain has communicated to stockholders its position regarding the tender offer from EMC.
In accordance with Rule 14d-9 of the Securities Exchange Act of 1934, on or before June 16, 2009, Data Domain will communicate to stockholders its position regarding the tender offer from EMC. At this time, the Board is reaffirming the recommendation in favor of Data Domain’s merger with NetApp, Inc. (NASDAQ:NTAP) that is described in the Registration Statement on Form S-4 that NetApp has filed with the Securities Exchange Commission.
Qatalyst Partners is serving as financial advisor and Fenwick & West LLP is serving as legal counsel to Data Domain.
Published June 4, 2009 Reads 5,854
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Salvatore Genovese
Salvatore Genovese is a Cloud Computing consultant and an i-technology blogger based in Rome, Italy. He occasionally blogs about SOA, start-ups, mergers and acquisitions, open source and bleeding-edge technologies, companies, and personalities. Sal can be reached at hamilton(at)sys-con.com.
- Microsoft’s Second UI Innovation
- What Motivates Open Standards in the Cloud?
- StorSimple Supports OpenStack
- What to Expect in 2012: Cloud Computing and Open Source Software
- Ten Hot Trends in Cloud Data for 2012
- HP Expands Its HANA Alliance with SAP
- End-User Participation to Provide Unique Forum for Peer Collaboration at 2012 Technology Convergence Conference
- Write Once Run Anywhere or Cross Platform Mobile Development Tools
- Three Buzzwords That Every CIO Hears but One They Should Listen To
- Microsoft’s New Cloudware Could Cast a Shadow over VMware
- Cloud Expo New York: Cloud Architectures Require Scale-out Storage
- AT&T Joins OpenStack, Floats Cloud Architect
- The Future of Cloud Computing: Industry Predictions for 2012
- HP Puts Activist Shareholder on Board
- Gartner Hype Cycle for Emerging Technologies 2011
- Microsoft’s Second UI Innovation
- Cloud Computing: A Comparison of Computing Models
- What Motivates Open Standards in the Cloud?
- Big Data Bug Bites GE
- StorSimple Supports OpenStack
- What to Expect in 2012: Cloud Computing and Open Source Software
- Apprenda Upgrades Its .NET Private PaaS
- Ten Hot Trends in Cloud Data for 2012
- Cloud Expo Takeaways: Cloud Confusion Still Exists
- The Top 150 Players in Cloud Computing
- Where Are RIA Technologies Headed in 2008?
- FullArmor GPAnywhere Secures Microsoft Application Virtualization Applications Through Group Policy
- SYS-CON's Virtualization Conference & Expo: Themes & Topics
- SYS-CON's Virtualization Journal Opens Its "Readers' Choice Awards" Nominations
- Application Virtualization: Instant Migration to Vista, Fast Delivery, Secure Access, Side-by-Side Deployments
- "Virtualization Is Now a Key Strategic Theme," Says Citrix CTO
- Application Virtualization
- Integration with Windows Vista, Microsoft Excel, and Microsoft Application Virtualization
- Will Microsoft Buy Citrix?
- mValent Extends Automated Application Configuration Management to Virtualization Environments
- Has the Technology Bounceback Begun?

















