Rochester,NY 7/10/2009 4:17:11 AM
End of Day Report - EMC - Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhib - Sourced WhisperFromWallStreet.com
EMC Corporation
End of Day Report - EMC - Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhib - Sourced WhisperFromWallStreet.com
EMC Corporation,EMC
On July 8, 2009, EMC Corporation ("EMC"), Envoy Merger Corporation, a wholly owned subsidiary of EMC ("Purchaser") and Data Domain, Inc. ("Data Domain") entered into an Agreement and Plan of Merger (the "Merger Agreement"). As previously announced and as contemplated by the terms of the Merger Agreement,
(a) EMC and Purchaser have commenced a cash tender offer (the "Offer") for all outstanding shares (the "Shares") of Data Domain's common stock at a purchase price of $33.50 per share, net to the seller in cash, without interest (the "Offer Price") and (b) following consummation of the Offer, Purchaser will merge with and into Data Domain with Data Domain surviving as a wholly-owned subsidiary of EMC (the "Merger").
The terms of the Merger Agreement and the transactions contemplated thereby, including the Offer and the Merger, are set forth in Amendment No. 7 to the Tender Offer Statement on Schedule TO originally filed by EMC and Purchaser with the Securities and Exchange Commission (the "SEC") on June 2, 2009, as amended on June 3, 2009, June 9, 2009, June 15, 2009, June 17, 2009, June 26, 2009, July 6, 2009 and July 9, 2009 (as amended, the "Schedule TO"), relating to the Offer. A copy of Amendment No. 7 to the Schedule TO is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Last Trade: 12.76
Day's Range: 12.52 - 12.88
52wk Range: 8.25 - 15.78
Volume: 23,859,365
ABOUT EMC Corporation
EMC Corporation develops, delivers, and supports information infrastructure technologies and solutions. The company?s Information Storage segment offers networked information storage systems, networked attached storage, content addressed storage, or direct attached storage environment. Its software products include EMC SRDF, EMC MirrorView, EMC TimeFinder, and EMC SnapView, which control and enable replication, optimization, and data movement functions in the EMC networked storage system; and EMC Celerra Replicator that copies, protects, and shares data across various distances. Its Content Management and Archiving segment offers software, which optimizes business processes, as well as creates, manages, delivers, and archives information from documents and discussions, e-mail, Web pages, images, XML, reports, records, rich media, and application data. The company?s RSA Information Security segment delivers products, packaged solutions, and services to guard the integrity and confidentiality of information. This segment offers security product and services, such as enterprise identity and access management products, and encryption and key management software that enable companies to collect, monitor, analyze, and report on security event-related activity. Its VMware Virtual Infrastructure segment offers virtual infrastructure solutions and services that enable customers to address a range of IT problems that include cost and operational inefficiencies, business continuity, software lifecycle management, and desktop management. The company also provides consulting services, technology deployment, managed services, customer support services, and training and certification services. It sells its products and services through direct sales and multiple distribution channels in North America, Latin America, Europe, the Middle East, South Africa, and the Asia Pacific region. EMC Corporation was founded in 1979 and is headquartered in Hopkinton, Massachusetts.
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