| By Salvatore Genovese | Article Rating: |
|
| June 4, 2009 10:00 AM EDT | Reads: |
1,229 |
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 1,229
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 Search Engine Optimization consultant and an i-technology blogger based in Rome, Italy. He occasionally blogs about SOA, mergers and acquisitions, open source and bleeding-edge technologies, companies, and personalities. Sal can be reached at hamilton(at)sys-con.com.
- The Top 150 Players in Cloud Computing
- 4th International Cloud Computing Conference & Expo Starts Today
- Exclusive Q&A with Rich Marcello - Unisys President, Systems & Technology
- Why IBM’s Server Chief Got Busted
- Deputy CIO of the CIA to Keynote 1st Annual GovIT Expo
- CIA was Headed to an Enterprise Cloud All Along: Jill Tummler Singer
- 1st Annual Government IT Conference & Expo: Themes & Topics
- Industry Experts Discuss the State of Cloud Computing
- Cloud Computing Expo: Exclusive Q&A with Yahoo! SVP Cloud Computing
- Yahoo! to Present at 4th International Cloud Computing Expo
- Cloud Computing on Gartner's Top 10 List and SYS-CON Events' 2010 Calendar
- Cloud Expo New York Call for Papers Deadline December 15
- The Top 150 Players in Cloud Computing
- 4th International Cloud Computing Conference & Expo Starts Today
- Cloud CEOs, CTOs & SVPs to Speak at 4th International Cloud Computing Expo
- SYS-CON.TV: Cloud Computing Expo Power Panel
- Exclusive Q&A with Rich Marcello - Unisys President, Systems & Technology
- Unisys Named “Platinum Sponsor” of Cloud Computing Expo
- Why IBM’s Server Chief Got Busted
- Vizioncore Named Bronze Sponsor of 4th Virtualization Conference & Expo
- 1st Annual GovIT Expo: Letter from the Technical Chair
- Deputy CIO of the CIA to Keynote 1st Annual GovIT Expo
- CIA was Headed to an Enterprise Cloud All Along: Jill Tummler Singer
- 1st Annual Government IT Conference & Expo: Themes & Topics
- FullArmor GPAnywhere Secures Microsoft Application Virtualization Applications Through Group Policy
- Where Are RIA Technologies Headed in 2008?
- 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
- Integration with Windows Vista, Microsoft Excel, and Microsoft Application Virtualization
- "Virtualization Is Now a Key Strategic Theme," Says Citrix CTO
- mValent Extends Automated Application Configuration Management to Virtualization Environments
- Will Microsoft Buy Citrix?
- Has the Technology Bounceback Begun?
- Are you Application vAvailable?
- Virtualization Conference Keynote Webcast Live on SYS-CON.TV





























