Cloud Computing: Dell/EMC – Biggest Merger in IT History Approved by Shareholders
July 20, 2016
Grazed from TopTechNews. Author: Shirley Siluk.
Shareholders of EMC Corp. today overwhelmingly voted in favor of the company’s planned merger with Dell Inc. — a more than $60 billion transaction that’s been described as the biggest tech deal in history. According to a preliminary tally, 98 percent of EMC shareholders who voted were in favor of the merger.
Final results are set to be filed with the U.S. Securities and Exchange Commission later this week. The shareholders casting votes represented about 74 percent of EMC’s outstanding common stock. As part of the transaction, Dell, which ceased being a publicly traded company in 2013, must compensate EMC shareholders for taking the firm private…
The new company formed after the merger will be called Dell Technologies…
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