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.
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