Dell completes takeover of EMC

Wednesday 7 September 2016 | 15:42 CET | News
Dell has completed its takeover of EMC and launched a new brand identity under the name Dell technologies. The takeover was first announced in October 2015, valuing EMC at USD 67 billion. EMC shareholders will receive USD 24.05 per share in cash and 0.11146 shares of tracking stock linked to EMC's stake in VMware for each share they hold in EMC. While VMware will remain a separate listed company, its management will change, with Michael Dell, chairman and CEO of Dell Technologies, taking over as chairman of the VMware board. Joseph Tucci, VMware's chairman since 2007, as well as John Egan,

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Categories: IT
Companies: Dell EMC / EMC / VMware
Countries: World
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