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Notable Mergers and Acquisitions of the Day 5/21: NTAP/DDUP, DISK, SUMT

 May 21, 2009 01:26 PM UTC
Return Risk
+9.67% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
NTAP n/a
DISK n/a
DDUP n/a

Graphic_arrow1 Via StreetInsider.com News Articles:  

  • 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.

  • Image Entertainment, Inc. (NASDAQ: DISK) retained Houlihan Lokey Howard & Zukin Capital, Inc. as the Company's exclusive financial advisor. They will assist the Company in analyzing a wide range of strategic alternatives, including potential financing or sale transactions.

    Image Entertainment gave no assurance that a transaction of any kind will occur.

  • SumTotal Systems, Inc.


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