It was in the air for a few days, but the figure exceeds all expectations: $ 67 billion . This is the deal size that will allow Dell to its EMC , a company that has about 70,000 employees. Leading the merger Michael S. Dell, the founder of the company, with its bottom MSD Partners and Silver Lake ally.
This creates company “end to end” , with interests in hardware, furniture, software, network infrastructure, security, virtualization and cloud. A giant with hands-on a bit ‘everywhere.
EMC shareholders will receive approximately $ 24.05 per share, together with shares of VMware . It will remain an independent company on the public market . Overall EMC shareholders will receive $ 33.15 per share, reaching the total of about 67 billion. The figures are, however, subject to changes based on some of the dynamics of the market.
“The board of directors has approved the merger agreement and intends to recommend to shareholders of EMC to approve the agreement.” The combination of the two companies will create the largest privately controlled companies integrated technology . Michael Dell will lead the new company, with the role of chairman and CEO. Joe Tucci, EMC counterpart of Dell, will continue to remain in place until completion of the transaction.
“Being a private company, along with our investment in research and development and innovation will give us an unparalleled strength and flexibility to help you achieve your goals. I am excited to work with the team of EMC, VMware, Pivotal VCE, Virtustream and RSA and are personally committed to the success of our company, our partners and especially our customers, “said Michael Dell.
The 67 billion operation far exceed the previous record clocked by the acquisition of Broadcom by Avago Technologies, an agreement by almost $ 37 billion.
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