The announcement means that EMC has until 30 May to acquire all outstanding shares of common stock of Iomega Corporation.
EMC said that the extension was made to allow the European Commission time to complete its review process, which is a condition of the completion of the tender offer.
EMC commenced a cash tender offer on 24 April for all outstanding shares of common stock of Iomega at a price of US$3.85 per share in cash.
As of the close of business on 21 May a total of 42,797,977 shares of common stock of Iomega had been validly tendered and not withdrawn, representing approximately 78 percent of the outstanding shares of common stock of Iomega.
EMC extends deadline for Iomega buy
By
Robert Jaques
on
May 26, 2008 12:03PM
Storage giant EMC has extended the deadline for its proposed cash tender offer for Iomega..
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Partner Content
How humans and hyperautomation will go beyond digital transformation success
.png&h=140&w=231&c=1&s=0)
Partner Content
It's time to clean up the conference room
Partner Content
Australia has the brains for digital government – but does it have the brawn?
Partner Content
HCLTech partners with Microsoft to bring quantum readiness to its partners
Sponsored Whitepapers
Responding To Industry Trends And Our 5m+ Users
The Future of Digital Identity in Government
Secure Public Services for Every Australian
7½ Questions for Aged Care's Digital Decisions
Creating the Sustainable IT Department
