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Emc stock buyout1/2/2024 ![]() ![]() The total transaction value of the EMC-Dell merger is close to 67 billion if you. Approximate of Vmware owned by EMC 86, Vmware stock price 60 Number of Vmware shares outstanding 398M, Value of Vmware on EMC books 20.5B EMC Market Cap 33.6B. The deal also will require a large amount of new debt issuance, although there are no financing conditions tied to closing. As we saw in the first part of this series, Dell is buying EMC (EMC) for a combination of cash and stock. Other equity participants include MSD Partners (a family office of Michael Dell) and Singaporean sovereign wealth fund Temasek. It would be the second-largest tech merger ever, behind only the $106 billion tie-up between AOL and Time Warner in 2000, and the largest-ever take-private transaction for a tech company.ĭell itself was acquired in late 2013 for $24.9 billion in a deal that included participation from private equity firm Silver Lake, which will be among those helping to finance the transaction. The company now expects consolidated revenue of between 6.05 billion and 6.08 billion (just below our expectations) due primarily to a timing issue related to 100 million in unshipped storage. Overall, the deal values EMC around 27% higher than where it was trading before news of Dell’s interest first broke last week. On an EMC call Monday morning, Tucci said Dell first reached out to him last year. Dell’s headquarters will remain in Round Rock, Texas, while the combined company’s enterprise systems unit will be based in EMC’s current base of Hopkinton, Mass. The deal is expected to close in mid-2016.ĮMC chairman and CEO Joe Tucci would remain in that position until the deal closes, after which Michael Dell would become chairman and CEO of the combined company. SAN FRANCISCO With EMC shares spending most of Wednesday below the cash price of 24. This includes $24.05 per share in cash and $9.10 worth of a tracking stock for VMWare (VMW), an EMC-owned cloud and virtualization software company that already has around a 20% equity “stub” trading on the public markets.ĮMC also has included a 60-day “go shop” provision, which would allow it to solicit superior offers. ![]() Under terms of the complex deal, EMC stockholders would receive approximately $33.15 per share. ![]()
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