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The letter was published June 9 in the San JoseMercuryh News. “Our plan is to keep the people and products of Data Domaibn intact and operate your company as a product divisiomwithin EMC. ... We plan to invest in Data Domain and grow the businesss and the innovation even more aggressivelu because of our broader global reachand size,” Tucci wrote. The board of directors at Data Domain issued a statemengt June 4 saying it isexamining Hopkinton, Mass.-basecd EMC’s (NYSE: EMC) unsolicited bid to buy the compan y and advised shareholders to put aside their decisionm until their review is complete. Data Domaihn had been considering a proposalfrom Calif.-based .
(Nasdaq: NTAP) to buy the companyu for $25 a share in cash and In responseto EMC’s offer, NetApp sweetened its offet Wednesday to $30 per share in cash and stock. The Data Domaibn board said in its prepare written statement it will release its positiom on the EMC offer beforeJune 16, and reaffirmed its recommendatio in favor of the merger with NetApp. Despiter the Data Domain board request for shareholderws to stay mum on the bidding war untipl it reacheda decision, Tucci’ s open letter Tuesday took direc t aim at potentially influencing the company’s stakeholders.
“We stand for putting our customers first, treatinvg people with respect, collaborating smoothly with our colleagues and thinking creatively tosolve problems, leveraging our diversity, and maintainingh a fully inclusive workforce. And we stanx ready to welcome the talented peopl of Data Domain to EMC withopen arms,” he
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