Data Domain board of directors suggests to reject EMC to buy

[dispatch of Sai Di net] the Data Domain that EMC and NetApp contest bought eddy in the message on June 19 made a statement recently, company board of directors al dog stairs ready suggested partner rejects EMC to purchase the proposal of common stock ticket of all and existing Data Domain, do not sell the share in the hand to EMC, and cast ay NetApp.

Data Domain is one repeats data to delete technical major manufacturer, this technology can delete redundant data to help an user thereby cost of hardware of managing and many memory. EMC and NetApp already all put forward to buy to Data Domain at present want to make an appoin the best selling dvd discoverytment with, raise quoted price eagerly.

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NetApp rejects EMC to buy to partner of proposal of Data Domain board of directors express to welcome, article of Huo Hao of this company president (Dan Warmenhoven) dvd discovery express, "We are very glad that Data Domain suggests the most popular selling dog crates large partner people continue to support NetApp purchase a proposal, object EMC offerring out of turn. Object EMC offerring out of turn..

The proposal that su dog stairs for bed ddenly grand article weighs to the statement of Data Domain shows NetApp again is Data Domain partner people offerred " charming short-term with long-term value " , he still expresses, should trade need not worry about antitrust general affairs, and trade finished journey is more clear and seasonable.

Nevertheless the analysis thinks, EMC won't let go easily, aaron Rakers of Stifel Nicolaus analyst thinks, EMC meets those who raise pair of Data Domain very likely buy the price. He returns the report of cite Reuter: EMC may be i dvd discovery 3 n partner with NetApp trade those who undertake polling before raise contest price momently.

NetApp and Data Domain Ceng Yu were reached on May 20 relevant buy an agreement, the price at that time is ready money of 1.5 billion dollar increases a share. At the beginning dog stairs for car of this month, both sides announces to revise buy an agreement. In new agreement, netApp will be mixed with ready money of e dog crates large strong very 30 dollars stock, total number purchases all already issued share in Data Domain common stock. About trade to be worth 1.9 billion d the most popular selling dvd discovery ollar about, do not include the cash reserve in a bank of Data Domain hold.

Author: Wind river