![]() ![]() The Dell corporate headquarters will continue to be in Round Rock, Texas. Dell Inc.'s ( NYSE: DELL) 63.5 billion proposed acquisition of EMC Corp ( EMC) was announced in October 2015. The average rating score is and is based on 47 buy ratings, 17 hold ratings, and 0 sell ratings. Headquarters: Dell plans to combine its server business with EMC’s data-storage business, and that operation will continue to be based in EMC’s hometown of Hopkinton. Dell Technologies stock has received a consensus rating of buy. Longtime EMC leader Joe Tucci, who had been working without an employment contract as he arranged a path to retirement, will continue as chairman and CEO of EMC “until the transaction closes,” the companies said. Leadership: Dell founder Michael Dell would be chairman and chief executive of the combined organization. In a press release, Dell and EMC said they had “strong track records of cash flow generation and debt reduction.” One good sign for EMC management was the immediate approval of the Dell deal by Elliott Management Corp., the hedge fund manager that had been pressing EMC to break itself up for about a year.ĭell’s side: Dell, now privately owned, said it would put together the sale price by selling stakes in the company to investors, using cash it has on hand, and borrowing money. Go-shop clause: EMC is allowed to seek better bids, which could complicate shareholder approval. ![]()
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