EMC said that the extension was made to allow the European Commission time to complete its review process, which is a condition of the completion of the tender offer.
EMC commenced a cash tender offer on 24 April for all outstanding shares of common stock of Iomega at a price of US$3.85 per share in cash.
As of the close of business on 21 May a total of 42,797,977 shares of common stock of Iomega had been validly tendered and not withdrawn, representing approximately 78 percent of the outstanding shares of common stock of Iomega.
