EMC Receives European Commission Approval For Acquisition of Iomega
June 02 2008 - 4:00PM
PR Newswire (US)
HOPKINTON, Mass., June 2 /PRNewswire/ -- EMC Corporation
(NYSE:EMC), the world leader in information infrastructure
solutions, today announced that it received approval by the
European Commission for the acquisition of Iomega Corporation
(NYSE:IOM). The European Commission approved the transaction
without conditions. This satisfies the condition to the tender
offer related to European Commission regulatory approval and is the
last regulatory approval that is a condition to the tender offer.
As previously announced, the tender offer is scheduled to expire on
Friday, June 6, 2008 at 5:00 p.m., Eastern Daylight Time, unless
the tender offer is further extended. Additional Information and
Where to Find It This press release is not an offer to purchase, a
solicitation of an offer to purchase or a solicitation of an offer
to sell any of the Shares. The solicitation and the offer to buy
shares of Iomega common stock is being made pursuant to the Offer
to Purchase and related materials that EMC and Emerge Merger
Corporation filed with the U.S. Securities and Exchange Commission
(the "SEC") on April 24, 2008. EMC and Emerge Merger Corporation
filed a Tender Offer Statement on Schedule TO containing an Offer
to Purchase, forms of letters of transmittal and other documents
relating to the tender offer, and Iomega filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with
respect to the tender offer. EMC, Emerge Merger Corporation and
Iomega mailed these documents to the stockholders of Iomega. These
documents contain important information about the tender offer and
stockholders of Iomega are urged to read them carefully. Investors
and stockholders of Iomega are able to obtain a free copy of these
and other documents filed by Iomega or EMC with the SEC at the
website maintained by the SEC at http://www.sec.gov/. In addition,
the Offer to Purchase and related materials may be obtained for
free by directing such requests to EMC Corporation at 176 South
Street, Attention: Office of the General Counsel, Hopkinton, MA
01748. Investors and stockholders may obtain a free copy of the
Solicitation/Recommendation Statement on Schedule 14D-9 and such
other documents from Iomega by directing requests to Iomega at
10955 Vista Sorrento Parkway, Attention: Corporate Secretary and
General Counsel, San Diego, CA 92103. For additional information,
please contact the information agent for the offer. The Information
Agent for the offer is: 470 West Avenue Stamford, CT 06902 (203)
658-9400 Banks and Brokerage Firms Call: (800) 662-5200
Stockholders Call Toll Free: (800) 607-0088 E-mail: About EMC EMC
Corporation (NYSE:EMC) is the world's leading developer and
provider of information infrastructure technology and solutions
that enable organizations of all sizes to transform the way they
compete and create value from their information. Information about
EMC's products and services can be found at http://www.emc.com/.
EMC is a registered trademark of EMC Corporation. Iomega is a
registered trademark of Iomega Corporation. All other trademarks
are the property of their respective owners. This release contains
"forward-looking statements" as defined under the federal
securities laws. These include, without limitation, all references
to the date the Offer will be completed. Actual results could
differ materially from those projected in the forward-looking
statements as a result of certain risk factors, including but not
limited to: (i) any adverse governmental reactions as we seek
approvals for the acquisition of Iomega, or business partner
reactions to the acquisition; (ii) material adverse changes in
general economic or market conditions; (iii) the potential for
Iomega's employees to leave their positions as a result of the
acquisition; (iv) changes in the business of EMC or Iomega; or (v)
other one-time events and other important factors disclosed
previously and from time to time in EMC and Iomega's filings with
the SEC. EMC disclaims any obligation to update any such
forward-looking statements after the date of this release.
DATASOURCE: EMC Corporation CONTACT: Dave Farmer of EMC
Corporation, +1-508-293-7206, Web site: http://www.emc.com/
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