How much of EMC stock should be exchanged in the merger?
Dell believes that 86.77% of each EMC Share should be treated as exchanged in the Merger for $20.17 of cash and 0.11146 shares of Class V Common Stock subject to the Section 351 treatment.
What does Dell’s EMC merger mean for shareholders?
As we saw in the first part of this series, Dell is buying EMC ( EMC ) for a combination of cash and stock. The total transaction value of the EMC-Dell merger is close to $67 billion if you include cash and assumed debt. Shareholders will receive $24.05 in cash and 0.111 shares of newly issued VMware ( VMW) tracking stock.
What is the price of EMC stock?
One share of EMC stock can currently be purchased for approximately $29.05. What is EMC's official website? Where are EMC's headquarters? EMC is headquartered at 176 South St, HOPKINTON, MA 01748-2209, United States.
What is the cash in lieu for EMC Stock Conversion?
In addition, during the conversion of EMC stock to DVMT stock I end up with a fractional share which was provided as "Cash in Lieu (CIL)" of $49.50/share DVMT May 31, 2019 6:17 PM The EMC Dell merger resulted in EMC shares being converted to (a) cash $24.05 / EMC Share; (b) 0.1115 Shares of DVMT / EMC share; (c) CIL.
What is Dell buying EMC?
How long does EMC have to go shop?
How much does Dell owe EMC?
About this website
Why did Dell merge with EMC?
The acquisition was to facilitate Dell to become one stop shop for business customers. The combined Dell EMC was named Dell Technologies.
Did Dell sell EMC?
Beginning with the buyout of his PC company, Dell went on to devour server and storage company EMC for $67 billion before taking the group public again in 2018.
What happened EMC stock?
On October 12, 2015, Dell Inc. announced its intent to acquire EMC in a cash-and-stock deal valued at $67 billion, which as of 2021 remains the largest-ever acquisition in the technology sector.
Who bought out EMC?
DellDell's 2015 decision to buy EMC for $67 billion remains the largest pure tech deal in history, but a transaction of such magnitude created a mountain of debt for the Texas-based company and its primary backer, Silver Lake. Dell would eventually take on close to $50 billion in debt.
Who will buy VMware after spin-off?
Dell Technologies1, 2021 /PRNewswire/ -- Dell Technologies (NYSE: DELL) has completed the spin-off of its 81% equity ownership of VMware Inc.
Will Dell spin-off VMware?
– Nov. 1, 2021 – VMware (NYSE: VMW) and Dell Technologies today announced the completion of the spin-off of VMware from Dell Technologies.
Is Dell a good buy now?
We rate shares of DELL as a hold with a year ahead price target of $50.00 representing a forward P/E of 7.5x on the recurrent consensus fiscal 2023 EPS. Our neutral view on the stock balances the strong balance sheet and recent financials against the softer growth outlook.
What is EMC trading at?
Key Turning Points52-Week High29.13Last Price29.05Fibonacci 61.8%26.78Fibonacci 50%26.06Fibonacci 38.2%25.341 more row•Sep 6, 2016
Is EMC owned by Dell?
Dell Inc. Wednesday said it completed its $60 billion deal to acquire EMC Corp., the largest technology merger in history. The new company, to be named Dell Technologies, aims to be a one-stop shop for information technology sold to business.
Why is Dell selling VMware?
Round Rock, Texas-based Dell will sell off its 81 percent majority stake in VMware in a move to improve its capital structure and attract new investors as its Client Solutions Group—which includes PCs, laptops, monitors and notebooks—is hotter than it's ever been in the company's long history.
How much did Dell buy VMware for?
Dell acquired VMware in 2015 in a massive deal worth $58 billion as part of the EMC acquisition (until then, EMC owned VMware). The news of Dell hiving off VMware did not come as a big surprise. Dell had confirmed the same in 2020.
How much is Michael Dell worth?
55.1 billion USD (2022)Michael S. Dell / Net worthWealth. Forbes estimated Dell's net worth at $50.4 billion as of April 2021. In February 2018, it was reported that in 2014, Dell had paid $100.5 million for Manhattan's One57 penthouse, which was then a record for the most expensive home ever sold in the city.
Dell spent $67B buying EMC — more than 3 years later, was it worth ...
Dell’s 2015 decision to buy EMC for $67 billion remains the largest pure tech deal in history, but a transaction of such magnitude created a mountain of debt for the Texas-based company and its ...
What happens if EMC terminates a deal?
What is Dell buying EMC?
If EMC terminates the deal because it has an alternative transaction, it will owe Dell $2.5 billion. If EMC terminates the deal during the go-shop period, the termination fee drops to $2 billion. There are reverse termination fees, as well.
How much does Dell owe EMC?
As we saw in the first part of this series, Dell is buying EMC (EMC) for a combination of cash and stock. The total transaction value of the EMC-Dell merger is close to $67 billion if you include cash and assumed debt. Shareholders will receive $24.05 in cash and 0.111 shares of newly issued VMware (VMW) tracking stock. Shareholders will not be able to deliver VMware tracking stock when the deal closes to offset their VMW short position. The two stocks have different characteristics and are not fungible.
How long does EMC have to go shop?
There are reverse termination fees, as well. If Dell terminates the EMC-Dell merger because it cannot get financing, it will owe EMC $4 billion. If Dell is able to get the money and still chooses to terminate the deal, the reverse termination fee increases to $6.0 billion.
What is EMC PNR?
EMC has a 60-day go-shop provision, which allows it to solicit other bids. This means for the first two months EMC is allowed to discuss a merger with another interested suitor. Go-shop provisions were typical in private equity deals before the financial crisis but had more or less disappeared.
Why is it important to own shares of a company with a pending merger?
The US Securities and Exchange Commission’s approval of the proxy statement. EMC’s filing of a PNR (premerger notification report) to comply with the Hart–Scott–Rodino Antitrust Improvements Act.
Why do mergers have MOEs?
It’s important for those who own shares of companies with a pending merger to monitor the news flow on the deal carefully and pay attention to price fluctuations in the market. Separately, it’s also key to know that stock-for-stock mergers can often dilute some shareholders’ voting power.
What happens when the stock market believes the deal is a smart acquisition for the buyer?
But MOEs could signal to investors that two similar, roughly equal-sized companies are uniting because there are significant tax or cost savings to be had. Investors may find that with MOEs, the premiums paid aren’t as significant.
Why do buyers rise while target falls?
It occurs when the stock market believes the deal is a smart acquisition for the buyer and that the deal’s been made at a good price. Buyer falls dramatically: The buyer’s shares may plummet if investors believe executives are overpaying for a target or if they think the target isn’t a good purchase.
What happens after an M&A announcement?
This could be because investors have soured on the merger and believe that the acquiring company is getting out of a bad deal.
Why does Target move little?
After an M&A announcement, the most common reaction on Wall Street is for the shares of the acquiring company to fall and those of the target company to rally. That’s because the buyer typically offers a premium for the takeover in order to win over shareholders.
Why do deals get scrapped?
Target moves little: The target’s shares may see little change if rumors of a potential deal already sent share prices higher, causing the premium to be baked in. Alternatively, the premium being paid may be low, causing a muted market reaction.
About EMC
Deals can get scrapped because of a key regulatory disapproval, stock volatility, or CEOs changing their minds.
Headlines
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry's range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.
EMC (NYSE:EMC) Frequently Asked Questions
"COCOMELON LIVE! JJ'S JOURNEY" ANNOUNCES FIRST 2022 TOUR DATES - Yahoo Finance
What is Dell buying EMC?
EMC Corp (NYSE:EMC) announced its earnings results on Monday, July, 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.03.
How long does EMC have to go shop?
As we saw in the first part of this series, Dell is buying EMC (EMC) for a combination of cash and stock. The total transaction value of the EMC-Dell merger is close to $67 billion if you include cash and assumed debt. Shareholders will receive $24.05 in cash and 0.111 shares of newly issued VMware (VMW) tracking stock. Shareholders will not be able to deliver VMware tracking stock when the deal closes to offset their VMW short position. The two stocks have different characteristics and are not fungible.
How much does Dell owe EMC?
Any other foreign antitrust approvals (disclosed in the Company Disclosure Schedule, which is not public) EMC has a 60-day go-shop provision, which allows it to solicit other bids. This means for the first two months EMC is allowed to discuss a merger with another interested suitor.
