NetApp (NTAP) To Acquire Data Domain (DDUP) for $25/Share
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NetApp (NASDAQ: NTAP) and Data Domain (NASDAQ: DDUP) entered into a definitive agreement under which NetApp will acquire all of the outstanding shares of Data Domain common stock for $25 per share in cash and stock. The transaction is valued at approximately $1.5B, net of Data Domain’s cash.
DDUP closed at around $17.90 today.
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