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Dell Offering Emc $27.25/share And Special Vmware Stock: Re/code

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong(Reuters) - Dell Inc is offering $27.25 per share in cash for data storage company EMC Corp in addition to a specialized stock in cloud software company VMware Inc , Re/code reported. The specialized stock, which would "track" the value of the 20 percent of VMware that EMC does not own, along with the cash offer would take the per-share offer above $30, Re/code said, citing sources briefed on the negotiations. Chief Executive Michael Dell was in New York on Friday to meet with bank executives, including J.P. Morgan CEO Jamie Dimon, Re/code reported.




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