December 20, 2010
EMC Completes Isilon Tender Offer
Hopkinton-based data storage giant EMC Corp. has completed its tender offer for outstanding shares of Isilon Systems Inc.
EMC now controls about 95.9 percent of the Seattle company's outstanding shares. The company said it expects to complete its acquisition of the company tomorrow. At that time, all remaining shares will be converted into the right to receive $33.85 per share in cash.
Following the merger, Isilon, which is currently traded on the Nasdaq stock market, will become a division of EMC's Information Infrastructure Products business. Isilon's founder, President and CEO Sujal Patel will report to Pat Gelsinger, president and COO of the division.
WBJ Web Partners
Most Recent
Most Recent
0 Comments