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NetApp Responds to EMC Revised Bid on Data Domain

Stating only:" We will provide an update shortly"

This is a Press Release edited by StorageNewsletter.com on July 7, 2009 at 4:06 pm
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NetApp responded to EMC Corporation‘s announcement that it has revised its unsolicited offer to acquire Data Domain, Inc..

"In response to EMC’s revised, unsolicited offer, the NetApp Board of Directors will carefully weigh its options, keeping in mind both its fiduciary duty to its stockholders and its disciplined acquisition strategy. We will provide an update shortly," said Dan Warmenhoven, chairman and CEO of NetApp.

Comments

It's a brief answer by NetApp. A better one would be to match the EMC's offer at $33.50 per share for Data Domain. But we don't think that it willl happen.

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