Item 1.02 Termination of a Material Definitive Agreement.
Agreement and Plan of Merger with Data Domain, Inc.
As previously reported, on May 20, 2009, NetApp, Inc., a Delaware corporation
(the "Company"), entered into an Agreement and Plan of Merger (as amended on
June 3, 2009, the "Merger Agreement") with Data Domain, Inc., a Delaware
corporation ("Data Domain"), Kentucky Merger Sub One Corporation, a Delaware
corporation and wholly owned subsidiary of the Company ("Merger Sub One"), and
Derby Merger Sub Two Corporation, a Delaware limited liability company and
wholly owned subsidiary of the Company ("Merger Sub Two"). Pursuant to the terms
of the Merger Agreement, Merger Sub One would have merged with and into Data
Domain, with Data Domain continuing as the interim surviving entity, and,
immediately thereafter, subject to certain conditions, Data Domain would have
merged with and into Merger Sub Two, with Merger Sub Two continuing as the final
surviving entity.
On July 8, 2009, in response to an unsolicited tender offer by EMC
Corporation, Data Domain's board of directors terminated the Merger Agreement
pursuant to the terms thereof and, in connection therewith, paid the Company a
$57,000,000 termination fee.
Item 8.01 Other Information.
On July 8, 2009, the Company issued a press release relating to the termination
of the Merger Agreement. A copy of the press release is attached hereto as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit
Number Description
99.1 Press Release by NetApp, Inc., dated July 8, 2009.
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