NetApp to buy flash storage maker SolidFire for $870 million
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Price: $158.31 -0.88%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +35.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +35.5%
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(Reuters) - Data storage equipment maker NetApp Inc (NASDAQ: NTAP) said it would buy SolidFire, a flash-storage systems maker, for $870 million in cash.
The deal is expected to close in the fiscal fourth quarter, the company said on Monday.
(Reporting by Supantha Mukherjee in Bengaluru)
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