HOPKINTON, MA - December 12, 2015 -
EMC Corporation (NYSE:EMC) today announced the expiration of the "go shop" period described in the definitive Dell and EMC merger agreement announced on October 12, 2015. EMC and its representatives solicited alternative acquisition proposals during the “go shop” period. No acquisition proposals were received or deemed to constitute a Superior Proposal to the existing merger agreement. The transaction remains scheduled to close between the months of May and October 2016, subject to customary conditions, including receipt of required regulatory and EMC stockholder approval.
With the “go shop” period now expired, EMC will continue to work with Michael Dell, MSD Partners and Silver Lake to pursue the combination of Dell and EMC. Once completed, the new business promises to be an enterprise powerhouse, with highly complementary routes to market, that will help customers drive their digital transformations and journeys to the hybrid cloud. Under Dell’s privately-controlled structure, the combined company will have more freedom to innovate and invest for long-term leadership, allowing for the widest range of technology choices to customers, while building out an aligned global ecosystem of partners.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset – information – in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.