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EMC Corp. (NYSE: EMC) said Monday it expects its acquisition of Isilon Systems Inc. to take place on Tuesday.
EMC said Isilon (Nasdaq: ISLN) shareholders offered up nearly 64 million shares, representing approximately 95.5 percent of the outstanding Isilon shares.
EMC, based in Hopkinton, has said it would pay $33.85 per share in cash for the Seattle-based network attached storage company.
The sale, originally announced in November, has a purchase price of approximately $2.25 billion, EMC said.
Following the merger, Isilon common stock will no longer be traded on the Nasdaq Stock Market, EMC said.
Isilon will become a division within EMC’s Information Infrastructure Products business, and Sujal Patel — Isilon founder, president and CEO — will report directly to Pat Gelsinger, president and COO at EMC Information Infrastructure Products.
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