EMC (EMC), Dell Deal Clears China Regulatory Hurdle; VMWare (VMW) Seen Trading at Discount - Wells Fargo
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Mizuho Securities Reiterates Neutral on VMware (VMW) Following Annual Event
September 1, 2016 7:23 AM EDTMizuho Securities reiterated a Neutral rating on VMware (NYSE: VMW), and raised the price target to $66.00 (from $61.00), after attending the company's annual event in Las Vegas. Takeaways did not materially alter Mizuho's view that the company's cloud strategy remains somewhat ambiguous.
Analyst Abhey... More
EMC Corp. (EMC) Shares Ramp to Highs Amid Dell M&A News
August 30, 2016 2:24 PM EDTEMC Corp. (NYSE: EMC) shares are moving to session highs following news that its merger with Dell will close on September 7th. The stock is up 1 percent today.
EMC shareholders will get $24.05-per-share cash in the deal.
... MoreDell, EMC Corp. (EMC) Transaction Set to Close on September 7
August 30, 2016 1:52 PM EDTDell Inc. and EMC Corp. (NYSE: EMC) today announced that they intend to close the transaction to combine Dell and EMC on Wednesday, September 7, 2016. Dell Technologies, the name of the new combined company, will begin operating immediately following the close of the transaction.
Todays announcement follows regulatory approval of the Dell and EMC transaction by Chinas Ministry of Commerce (MOFCOM), which has granted clearance for the companies proposed combination. MOFCOM approval was the final regulatory condition to closing the transaction. EMC shareholders approved the... More