EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

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Sep 15 5:00 PM EST

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To: TraderEd who wrote (7350)	8/9/1999 6:44:00 AM
From: John Carragher	Read Replies (2) of 17183

emc to buy data general for 1.1 billion. just on cnbc EMC Corp. Dow Jones Newswires -- August 9, 1999 DJ EMC Corp/Data General -2: Values Data Genl At $19.58/Shr HOPKINTON, Mass. (Dow Jones)--EMC Corp. (EMC) entered into a definitive agreement to acquire Data General Corp. (DGN) in a transaction valued at about $1.1 billion Under the terms of the agreement, EMC will issue 0.3262 of a common share for each common share of Data General, subject to certain adjustments. Based on EMC's closing stock price Friday of $60, the transaction values Data General at $19.58 a share. Data General closed Friday at $13.19. Completion of the transaction is subject to approval of Data General stockholders and appropriate regulatory review, and is expected to occur before the end of 1999. In a press release Monday, EMC said it expects the acquisition to be accretive to its fiscal year 2000 earnings and significantly accretive to fiscal year 2001 earnings.

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