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NetApp comments on Data Domain’s recommendation

NetApp responded to Data Domain’s announcement that its board of directors has recommended that Data Domain stockholders reject EMC Corporation’s offer to acquire all of the outstanding shares of Data Domain common stock, not tender their shares to EMC pursuant to EMC’s offer, and vote in favor of the merger with NetApp.

“We are very pleased with Data Domain’s recommendation that stockholders continue to support NetApp’s merger proposal over EMC’s unsolicited offer,” said Dan Warmenhoven, chairman and CEO of NetApp. “This announcement reaffirms our belief that the NetApp proposal provides attractive short- and long-term value to Data Domain stockholders with no significant antitrust concerns and a clearer and more timely path to close. We look forward to proceeding with our proposal, bringing the offer to a stockholder vote, and beginning to execute on the promise of this compelling combination.

“Importantly, we believe a combination of NetApp and Data Domain brings significant benefits to customers and employees,” continued Warmenhoven. “In our merger, we believe customers will benefit from a lower risk of business disruption, continued competition, an enhanced products and services offering, and the ability of the NetApp sales and marketing organization to bring Data Domain’s products to more enterprises in the United States and to more customers in Europe and Asia. Furthermore, we believe employees will benefit from cultural compatibility and the ability to accelerate productivity and innovation given the existence of complementary products and a larger base of resources.”

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