TheGrantLawFirm, PLLC (the “GrantFirm”) has commenced an investigation into the acquisition of EMC Corp. (“EMC”) on behalf of the company's shareholders. On October 10, 2015 Dell Inc. (“Dell”) and EMC announced they signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake, the global leader in technology investing, will acquire EMC, while maintaining VMware as a publicly-traded company in a separate entity.
Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business. Based on the estimated number of EMC shares outstanding at the close of the transaction, EMC shareholders are expected to receive approximately 0.111 shares of new tracking stock for each EMC share. For demonstrative purposes, assuming a valuation for each share of tracking stock of $81.78, the intraday volume-weighted average price for VMware on Wednesday, October 7, 2015, EMC shareholders would receive a total combined consideration of $33.15 per EMC share.
If you are a shareholder of EMC and have any questions about your legal right or would like to discuss this investigation, please contact Lynda J. Grant at 212-292-4441, lgrant@grantfirm.com. Lynda J. Grant has been representing wronged investors and consumers for over 30 years, and was recently selected as a New York Metro Superlawyer.
ATTORNEY ADVERTISING
View source version on businesswire.com: http://www.businesswire.com/news/home/20151012005879/en/
Contacts:
Lynda J. Grant, 212-292-4441
lgrant@grantfirm.com
