News: Quantum Corporation (QTM.N)

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Mon, Jul 6 2009

EMC raises offer for Data Domain to $2.4 billion

BOSTON (Reuters) - EMC Corp increased its offer for Data Domain Inc by 12 percent, valuing the specialty storage maker at $2.4 billion and raising the stakes in a bidding war against rival NetApp Inc. .

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UPDATE 3-EMC raises offer for Data Domain to $2.4 bln

* Data Domain shares rise 2.7 pct, NetApp falls 2.5 pct (Adds NetApp statement, analysts' comments)

U.S. government could hinder EMC bid for Data Domain

BOSTON (Reuters) - The U.S. government could hinder EMC Corp's $1.8 billion bid for Data Domain Inc as antitrust regulators are expected to scrutinize it more closely than a competing offer by NetApp Inc .

DEALTALK-UPDATE 1-US govt could hinder EMC bid for Data Domain

* More news expected in about two weeks (Adds comment from attorney Evan Stewart)

CORRECTED - DEALTALK-US govt could hinder EMC bid for Data Domain

(Corrects fourth paragraph to show Kaushik Roy is an analyst with Wedbush Morgan Securities, not Pacific Growth Equities, as earlier sent)

U.S. begins antitrust review of Data Domain bids

BOSTON/NEW YORK (Reuters) - The U.S. government has begun an antitrust review of competing bids for Data Domain Inc , an inquiry that could decide who succeeds in buying the specialty storage equipment maker.

UPDATE 2-U.S. begins antitrust review of Data Domain bids

* Data Domain board formally rejects hostile bid from EMC

EMC plans to raise Data Domain bid: sources

BOSTON/NEW YORK (Reuters) - EMC Corp intends to raise its bid for Data Domain Inc to thwart rival suitor NetApp Inc , and could offer as much as $35 per share, sources familiar with the matter said.

EXCLUSIVE-EMC plans to raise Data Domain bid-sources

* EMC to raise Data Domain bid to compete against NetApp

RPT-DEALTALK-EMC, NetApp war for Data Domain could drag on

(Repeats June 10 story for wider readership) (For more Reuters DEALTALKs, click [DEALTALK/])

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