SAN FRANCISCO (Thomson Financial) - NetApp Inc. late Tuesday said it plans
to offer $1.1 billion of convertible senior notes due in 2013, subject to market
conditions and other factors.
The Sunnyvale, Calif.-based company also said it plans to grant initial
purchasers of the notes an option to buy up to an additional $165 million of
notes to cover over-allotments, if any.
Shares of NetApp, a provider of enterprise storage and data management
solutions, closed the regular session up 17 cents at $23.96.
Katherine Hunt
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