"Elliott is pleased to participate in VMware`s ongoing upside through the tracking stock, which will benefit from both meaningful synergies as part of Dell's organization as well as far greater liquidity than VMware shares have today," Jesse Cohn, senior portfolio manager at Elliott, said in a statement. "We view this as a good outcome for EMC shareholders after a nightmarish few years of slowing growth and an antiquated federated strategy," said FBR Capital Markets analyst Daniel Ives.Īctivist hedge fund Elliott Management, which has a 2.2 per cent stake in EMC and had been calling for a break-up of the company, welcomed the deal with Dell and said it was the best outcome for EMC shareholders. About the company Risk Analysis Earnings have declined by 17. While IBM, Cisco, Oracle Corp and Hewlett-Packard could potentially be suitors for EMC, the chances of them challenging Dell with a rival offer are slim, people familiar with the matter told Reuters. 1Y 26.7 Updated 30 Jun, 2023 Data Company Financials EMC Stock Overview Everest Metals Corporation Ltd engages in mineral exploration activities in Western Australia and New South Wales. The merger agreement includes a 60-day 'go-shop' provision that allows EMC to solicit bids from other parties and pay a discounted breakup fee to Dell if a deal is made with another company, as Reuters first reported on Sunday.
EMC's board has approved the merger and will recommend that shareholders do so as well.
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