Markets & Finance

EMC Agrees to Acquire Legato Systems

Data-storage giant EMC Corp. (EMC) agrees to acquire network-storage management company Legato Systems (LGTO) in a stock deal valued at $1.3 billion. Terms: 0.9 EMC share per Legato share. (7/8)

Yellow Corp. (YELL) agrees to acquire Roadway (ROAD) in a $966 million deal. Terms: $48 in cash and stock per Roadway share. (7/8)

Auto-parts maker ArvinMeritor (ARM) says it plans to launch a $2.23 billion bid for Dana Corp. (DCN). ArvinMeritor also filed a lawsuit against Dana for rejecting earlier offers without meeting with ArvinMeritor. (7/8)

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