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EMC told Dell deal 'attractive'

By Alexander J Martin, 6 Jul 2016

EMC shareholders have been advised to vote "FOR" the proposed merger with Dell.

Glass Lewis, an independent proxy advisory firm, has told EMC's shareholders that "the proposed transaction is financially and strategically reasonable" and offers "an attractive premium."

EMC shareholders are to vote on the Dell merger at a special meeting on 19 July.

Soon-to-retire chairman and CEO of EMC Joe Tucci, applauded the recommendation, stating: "The new Dell Technologies will be a powerhouse in the technology industry with approximately $74 billion in revenues, a complementary product portfolio, and expanded market reach in a number of high-growth areas of the $2 trillion information technology market." ®

The Register - Independent news and views for the tech community. Part of Situation Publishing