Equallogic files to withdraw IPO plans
Jan 29 (Reuters) - Equallogic Inc, a developer of network storage systems, said it filed with regulators to withdraw plans for an initial public offering, citing its acquisition by a Dell Inc DELL.O unit.
Equallogic had filed with the U.S. Securities and Exchange Commission in August 2007 to raise up to $125 million in an IPO of common stock.
In November, computer maker Dell agreed to buy Equallogic for about $1.4 billion in cash. (Reporting by Nachiket Kelkar in Bangalore; Editing by Himani Sarkar)
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