These guys would be better off with a clean break-up. "Let's just be friends" is just too awkward for everybody involved.
As of last Friday, with an already-extended deadline looming large, only 0.28% of Data Duplication's shares had been tendered to EMC's offer. That's tantamount to a vote of "no confidence" in the deal.
To put that tiny number into perspective, consider that Electronic Arts
Put another way, it looks like Data Domain's owners prefer to see the competing NetApp
EMC would have to cough up more cash to win this battle. Even then, EMC might have to resort to downright hostilities if it really wants Data Domain, similar to the acrimonious proxy fight brewing in Broadcom's
Fool contributor Anders Bylund owns shares in Take-Two, but he holds no other position in any of the companies discussed here. You can check out Anders' holdings or a concise bio if you like, and The Motley Fool is investors writing for investors.
More from The Motley Fool
Instant Analysis: European Regulators Clear Dell/EMC Merger
The European Commission gives the green light to the monster tech industry deal.
This Just In: Banker Says to Buy EMC and SanDisk
Some investing decisions just aren't that complicated. (Or are they?)
The Golden Parachute: 5 Shocking Examples of Shareholder Rip-Offs
A golden parachute is troubling in part because it's shareholder money going to a departing executive who will no longer be serving the company. Learn more about them.