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EMC to Buy Data General
R. Krause - August 13, 1999

Introduction

High-end data storage leader EMC Corp. (NYSE:EMC) on Monday moved to grab a chunk of the mid-range storage business with a deal to buy Data General Corp. (NYSE:DGN) for $1.1 billion in stock, the companies said. EMC, which holds a 35 percent share of the $12 billion high-end storage market, said it will lend its considerable distribution and support muscle to leverage Data General's CLARiiON line of mid-range storage systems...


 
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