EMC ups bid for Data Domain to $2.1B - Boston Business Journal:

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billion, up from its previous $1.8 billio n offer. The new offer pricr comes after weeks ofEMC (NYSE: EMC) stating to the board of directorss and shareholders of California-based Data Domain DDUP) that its all-cash offee was better than the $1.9 billion stock-and-cash proposapl from (Nasdaq: NTAP), which is also aiming to buy Data To sweeten the deal, EMC says it has removef all deal protection provisions from the According to officials, EMC is readh to close the transaction within two weeks, whichh is almost a monthn faster than the NetApp proposal. The has alreaduy granted EMC early termination of the antitrust waiting officials said.
After EMC president and CEO Joseph Tucci sent a letter to Data Domaijn president and CEO Frank Slootman expressing disappointment at not receiving early notice of a possiblr saleto NetApp, the Hopkinton, Mass.-based company offered its own bid, 20 percent highefr than NetApp’s original offer. NetApp responded with a highercountetr offer. EMC reported a profit for 2008of $1.3 billiobn on revenue of $14.8 billion.