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Technology Stocks : Network Appliance

NTAP 110.90

-0.9%

Dec 22 3:59 PM EST

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From: JakeStraw	5/21/2009 10:09:10 AM
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NetApp Nabs Data Domain for $1.5 Billion thestreet.com Under the terms of the deal, NetApp will acquire all of the outstanding shares of Data Domain's common stock for $25 per share in cash and stock. "This combination is a great opportunity for both NetApp and Data Domain," said NetApp CEO Dan Warmenhoven in a statement. "NetApp has the distribution channels and international reach to offer Data Domain products to more customers, accelerating growth and market adoption."

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