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billion is on hold while opinions are sought on rival biddefEMC Corp's offer. NetApp CEO Dan Warmenhoven said federalk regulators may not allow Data Domain toaccept EMC'zs (NYSE:EMC) $30-a-share offer because of antitrust issues. Sunnyvale-based Data Domai n (NASDAQ:DDUP) on Wednesday accepted Santa Clara-based NetApp'd (NASDAQ:NTAP) offer, saying it believed it wouldr be better for its shareholders and customers. EMC insisted that its all-casu offer of $30 a share is superior to NetApp'sw cash-and-stock bid at the same amoun t and called onData Domain's board not to get in the way of its takeovee effort.
Data Domain and NetApp had agreed to a deal two week earliert forabout $25 a share, or $1.5 billion. Data Domaijn shares closed Fridayat $32.59, down 19 NetApp shares fell 4 centss to close at $18.82 while EMC rose 4 cents to close at Both EMC and NetApp believe Data Domaibn will help their data management businesses. The company's technologg cleans out redundant data as it getsbacked up.
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