Dell and EMC announced they have signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake will acquire EMC, while maintaining VMware as a publicly-traded company.
Under the terms of the agreement, EMC shareholders would receive a total combined consideration of $33.15 per EMC share and the total transaction would be valued at approximately $67 billion.
J.P. Morgan is acting as lead financial advisor to Dell and Silver Lake. Credit Suisse and J.P. Morgan are acting as global financing coordinators. Barclays, BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank Securities, affiliates of Goldman Sachs, J.P. Morgan and RBC Capital Markets are acting as financial advisors and are providing debt financing to Dell.
The combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company. The company will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies.
The EMC Board of Directors approved the merger agreement and intends to recommend that stockholders of EMC approve the agreement.
With a multi-generational workforce across all industries and the job market more diverse than it has ever been, job seekers in transportation, logistics and equipment finance are proactively looking for ways to provide equal opportunities for individuals with a diverse... read more
Fraudulent activities pose a significant threat to lenders, and combatting this ever-evolving nuisance requires a collective effort. With fraud levels on the rise, digital fraud losses are expected to surpass $343 billion1 globally from 2023 to 2027. In the financial... read more