EMC Shareholders Approve Merger with Dell
July 19 2016 - 11:17AM
Dow Jones News
By Rachael King
EMC Corp. shareholders Tuesday approved Dell Inc.'s $60 billion
offer, in what would be the largest technology merger ever.
The newly combined entity, to be named Dell Technologies, aims
to be a one-stop shop for information technology sold to
businesses. It will consolidate diverse products and services under
one umbrella, including personal computers, servers, storage and
networking equipment.
All that remains for the deal to move forward is regulatory
approval from China.
"The board evaluated numerous options and decided that the
merger with Dell is the best outcome," EMC Chief Executive Joe
Tucci said before the vote.
Write to Rachael King at rachael.king@wsj.com
(END) Dow Jones Newswires
July 19, 2016 11:02 ET (15:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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