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EMC May Raise DDUP Bid

Hopkinton, MA-based EMC (NYSE: EMC) is prepared to raise its bid for Santa Clara, CA-based Data Domain (NASDAQ: DDUP) from $30 per share to as much as $35 in order to outbid rival NetApp (NASDAQ: NTAP), Reuters reported on Friday, citing unnamed sources. The board of Data Domain, whose software is used to reduce storage requirements by eliminating redundant data, has already accepted NetApp’s $30 per share offer (sweetened from $25 after EMC’s surprise bid), but has said it will review EMC’s $30 counteroffer. It’s expected to issue a recommendation to shareholders tomorrow. A higher offer could force NetApp to respond, or could put pressure on board members to accept EMC’s bid.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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