NetApp to buy flash storage maker SolidFire for $870 million
Tweet
Share
E-mailGet Alerts NTAP Hot Sheet
Price: $198.15 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +21.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +21.6%
Join SI Premium – FREE
(Reuters) - Data storage equipment maker NetApp Inc (NASDAQ: NTAP) said it would buy SolidFire, a flash-storage systems maker, for $870 million in cash.
The deal is expected to close in the fiscal fourth quarter, the company said on Monday.
(Reporting by Supantha Mukherjee in Bengaluru)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US open to meeting Iran at UN, no meeting scheduled yet, Rubio says
- Rwandan man charged in UK with genocide offences appears in court
- Taiwan minister says he was not 'belittled' on rare trip to China
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
