![]() Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Note: Pages will open in a new browser windowĮxternal sites are not endorsed by CNNmoney Ruettgers, said in a statement announcing the deal.īoth companies are based in Massachusetts. Data General's storage products "provide an excellent complement to our high-end Symmetrix Enterprise Storage Family," EMC's CEO, Michael C. The company said the deal should add to its earnings beginning in fiscal 2000.ĮMC said the midrange storage market is rapidly growing, accounting for about $10 billion in sales last year. The deal, which is subject to approval by Data General shareholders and regulatory review, is expected to close by the end of the year, EMC said. That's a premium of about 33 percent above Data General's closing price of $13.19 Friday. Based on a closing price of $60 for EMC stock Friday, the deal is worth about $19.58 per Data General share. Under the terms of the deal, EMC ( EMC) will issue 0.3262 of a share of EMC common stock for each share of Data General ( DGN) outstanding. in a stock swap worth an estimated $1.1 billion, boosting EMC's offerings in the midrange data storage market. agreed early Monday to buy Data General Corp. NEW YORK (CNNfn) - Data storage equipment supplier EMC Corp. ![]() Deal worth about $1.1B EMC to boost offerings in midrange data storage
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