| By Salvatore Genovese | Article Rating: |
|
| June 4, 2009 10:00 AM EDT | Reads: |
1,287 |
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 1,287
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.
- 4th International Cloud Computing Conference & Expo Starts Today
- Cloud Expo New York Call for Papers Deadline December 15
- GovIT Expo Highlights Cloud Computing
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- The End of IT 1.0 As We Know It Has Begun
- IBM Could "Reinvent" Java: Mills
- Oracle & Cloud Computing: Exclusive Q&A with SVP Richard Sarwal
- Why SOA Needs Cloud Computing - Part 1
- Cloud Expo and The End of Tech Recession
- The Transition to Cloud Computing: What Does It Mean For You?
- Reality Check at the Cloud Computing Expo
- Oracle+MySQL Opponents Take to the Barricades
- 4th International Cloud Computing Conference & Expo Starts Today
- Cloud Expo New York Call for Papers Deadline December 15
- The Difference Between Web Hosting and Cloud Computing
- GovIT Expo Highlights Cloud Computing
- Oracle Named “Platinum Sponsor” of Cloud Computing Expo
- Cloud Computing Best Practices
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- The End of IT 1.0 As We Know It Has Begun
- Oracle-Sun: IBM Reportedly Behind Delay
- IBM Could "Reinvent" Java: Mills
- Oracle & Cloud Computing: Exclusive Q&A with SVP Richard Sarwal
- Why SOA Needs Cloud Computing - Part 1
- Success, Arrogance, Rise and Fall
- AJAX World RIA Conference & Expo Kicks Off in New York City
- Oracle SOA Suite
- A Review Of Oracle Application Server 10g
- The Top 250 Players in the Cloud Computing Ecosystem
- An Introduction to Abbot
- Java Product Review — Oracle JDeveloper An IDE Worth a Second Look
- Report From the Oracle/PeopleSoft Frontline: Alienating PeopleSoft
- Will Oracle Buy JBoss?
- Universal Middleware: What's Happening With OSGi and Why You Should Care
- The Oracle-Sun Buddyfest: What's It All Mean?
- Red Hat Named "Platinum Sponsor" of Virtualization Conference & Expo



























