EMC to Acquire Isilon for $2.25B
EMC agreed to buy Isilon Systems, a networking storage company, for $2.25 billion.
HOPKINTON, Massachusetts (
) --
EMC
(EMC)
agreed to buy
Isilon Systems
(ISLN)
, a networking storage company, for $2.25 billion.
EMC will pay $33.85 a share in cash. Isilon shares closed Friday at $26.29 and have risen to $31 in premarket trading Monday.
-- Written by Joseph Woelfel
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Joseph Woelfel
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