HOPKINTON, Mass. - July 07, 2016 -
- Proxy advisory firm ISS recommends EMC shareholders vote “FOR” proposed EMC and Dell combination
- EMC Special Meeting of Shareholders to be held on July 19, 2016
EMC Corporation (NYSE:EMC) today announced that Institutional Shareholder Services (ISS), an independent proxy advisory firm, has recommended that EMC shareholders vote “FOR” the proposal to approve the merger agreement among Denali Holding Inc., Dell Inc., Universal Acquisition Co., and EMC, and all other proposals described in EMC’s proxy statement relating to the company’s Special Meeting of Shareholders to be held on July 19, 2016.
ISS is the third independent proxy advisory firm to issue a recommendation to EMC shareholders to vote “FOR” the proposed merger. Glass Lewis and Egan-Jones also issued “FOR” recommendations.
Joe Tucci, Chairman and CEO of EMC commented:
“We are incredibly pleased with ISS’ support for our proposed merger with Dell. The favorable recommendation from ISS, along with those from other leading proxy advisory firms, is another very strong indicator that the coming together of EMC and Dell is the best strategic option for all stakeholders.”
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.