Deals

Dell Acquires EMC
Date: 
Monday, October 12, 2015
Location: 
Boston, MA
Deal Type: 
Acquisition

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