Computer technology giant Dell and private-equity firm Silver Lake on Monday acquired data storage provider EMC for roughly $67 billion, a $33.15-per-share deal that represents the largest in technology industry history.
According to the press release, the deal looks like this:
Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business.
The deal’s $33.15 per-share cost represents a 28% premium above EMC’s closing price on Oct. 7, when the news reports of the pending transaction first surfaced.
CompuDell is offering EMC shareholders about $24.05 a share in cash and $9.10 of a tracking stock tied to EMC’s stake in VMware, which will remain a publicly traded company under the transaction terms.
Adapted from usatoday