Sphere 3D Corp. (ANY): Satisfying my curiosity-11/2010 EMC to A...

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Re: ahagelthrope post# 25817

Sunday, 05/24/2015 6:20:32 PM

Sunday, May 24, 2015 6:20:32 PM

Satisfying my curiosity-11/2010 EMC to Acquire Isilon

EMC Corporation (NYSE: EMC) today announced the signing of a definitive agreement under which it will acquire Isilon Systems, Inc. (Nasdaq: ISLN), a fast-growing “Scale-out NAS” (network attached storage) systems company, based in Seattle, Washington. Under terms of the agreement, EMC will pay $33.85 per share in cash in exchange for each share of Isilon for an aggregate purchase price of approximately $2.25 billion, net of Isilon’s existing cash balance.

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