EMC's $67B sale to Dell clears hurdle
Courtesy image
The acquisition of Hopkinton-based EMC Corp. by Dell Inc. has made it through the “go shop” period with no outside acquisition proposals coming in to unseat the approximately $67-billion purchase, according to EMC.
The period for alternate offers ended on Dec. 12, a month after the acquisition announcement for the transaction scheduled to close between May and October of 2016. The takeover's $67-billion price tag soars above the current record-holding tech buy: the $25 billion Hewlett-Packard paid for Compaq Computer in 2002.
According to EMC, the combined company will have more opportunity to innovate and invest for the long-term.
However, concerns remain locally about what will happen to the roughly 9,000 employees in the Bay State when the company merges with Texas-based Dell. It is the second largest employer in Central Massachusetts, following UMass Memorial Health Care.
WBJ Web Partners
Most Recent
Most Recent
0 Comments