EMC completes tender offer, ready to close merger with Data Domain

By Lisa Kerner

Charlotte, N.C., July 23 - EMC Corp. said it expected to complete its acquisition of Data Domain, Inc. on Thursday in a second-step merger now that its subsequent offer for the company's remaining shares has ended.

According to EMC, it accepted for payment the 59,268,746 shares of Data Domain tendered in the offer.

EMC, a Hopkinton, Mass., information technology and solutions developer, said it now controls approximately 94.2% of Data Domain's outstanding shares.

Once the merger is complete, Data Domain's stock will cease trading on the Nasdaq Global Select Market.

As previously reported, Data Domain agreed to be acquired by EMC for $33.50 per share in cash and terminated its merger agreement with NetApp, Inc., a Sunnyvale, Calif.-based data storage company.

Data Domain provides deduplication storage appliances for disk-based backup, archiving and network-based disaster recovery. The company is located in Santa Clara, Calif.

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