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EMC Extends Deadline for Data Domain Offer

June 29, 2009
by Tiernan Ray
Blogger, Barron's, Tech Trader Daily

Tiernan Ray

EMC (EMC) on Friday extended the period Data Domain (DDUP) has to respond to its $30 all-cash offer to acquire the company. The offer, which was previously set to expire at 12 midnight on Monday, June 29, is now extended to July 10. Data Domain has already agreed to be acquired for $30 in cash and some stock by NetApp (NTAP), and EMC has been trying to pry the company out of that agreement with the all-cash offer, which has been rejected by Data Domain management. EMC chairman, president and CEO said EMC’s offer “remains superior to NetApp’s.”

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