HOPKINTON, Mass. - June 17, 2009 -
EMC Corporation (NYSE: EMC) today announced that it will voluntarily re-file its notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with its all-cash offer to acquire all of the outstanding common stock of Data Domain, Inc. (NASDAQ: DDUP) for $30 per share in order to begin a new 15-day waiting period. Because EMC’s offer to acquire all of the outstanding common stock of Data Domain was cleared to the Federal Trade Commission (FTC) for review only this past Monday, June 15, the company will take this procedural step of re-filing its notification in the immediate term to ensure that the FTC has adequate time to review the transaction.
Paul T. Dacier, EMC's Executive Vice President and General Counsel, said, "We continue to anticipate a routine review by the Federal Trade Commission of our offer to acquire Data Domain, and we believe we will receive regulatory approval in a timely manner. Our $30 per share all-cash offer to acquire Data Domain is not only superior, but it also delivers to Data Domain stockholders the price certainty and price protection its management team and board stated were important priorities when they negotiated the terms of their agreement with NetApp."
Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.