Thursday, June 04, 2009

NETAPP RAISES DOMAIN OFFER

San Francisco
The Economic Times (Mumbai edition)

NetApp raised its takeover offer for Data Domain to $1.9 billion, matching an unsolicited bid from EMC for the maker of storage products. The offer will amount to about $30 a share, with $16.45 in cash and $13.55 in NetApp stock, the company said on Wednesday. EMC offered $30 in cash this week, trumping NetApp’s earlier $25 bid for Santa Clara, California-based Data Domain.

0 comments: