EMC extends Data Domain offer

EMC is still trying to acquire Data Domain, but hasn't increased its bid for the company.

EMC has not given up on its ambition to acquire Data Domain, extending its offer to buy the company until July 10th.

EMC's bid officially expired on June 29th, but the company's CEO Joe Tuccie said in a press release that his company's "... $30 per share all-cash offer remains superior to NetApp’s stock and cash offer and, very importantly, delivers to Data Domain stockholders the price certainty and price protection its management team and board stated as important priorities during their negotiations with NetApp."

NetApp has made no public response to EMC's extension.

 

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