Per Fortune, "The second-largest tech merger of all time is now official."
Dell Inc. this morning formally announced that it has agreed to acquire network storage giant EMC Corp. EMC -1.87% for approximately $67 billion.
Under terms of the complex deal, EMC stockholders would approximately $33.15 per share. This includes $24.05 per share in cash and $9.10 worth of a tracking stock for VMWare VMW -10.35% , an EMC-owned cloud and virtualization software company that already has around a 20% equity “stub” trading on the public markets. READ MORE