Tuesday, January 26, 2016

EMC Reports Q4 As Anxiety Rises About Dell Buyout | Re/code

Not such good luck for VMware shareholders

"If nothing else, EMC’s report will remind its shareholders how they lucked out last fall when Dell offered to acquire the company in a deal worth $67 billion. As of Friday’s close, EMC was worth about $20 billion less than that. Since then, the shares of both EMC and its software subsidiary VMware have fallen: EMC by 13 percent and VMware by more than 38 percent.

That fact, coupled with intensifying anxieties about the state of the corporate debt markets, has triggered some concerns that Dell’s takeover plan, which hinges on raising more than $40 billion in debt, might run into trouble."
EMC Reports Q4 As Anxiety Rises About Dell Buyout | Re/code
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