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EMC picks up Isilon

Last Updated : 16 November 2010, 15:45 IST
Last Updated : 16 November 2010, 15:45 IST

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EMC’s $33.85-a-share cash offer for Isilon, announced on Monday, represents a 29 per cent premium over Isilon’s closing share price on Friday.  Isilon sells mid-range storage equipment that is easy to configure, an area in which EMC needs to improve its portfolio.  The Isilon deal is expected to close late this year.

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Published 16 November 2010, 15:45 IST

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