EMC “Go Shop” Period Expires

EMC Corporation announced the expiration of the ‘go shop’ period described in the definitive Dell, Inc. 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 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 a wide range of technology choices to customers, while building out an aligned global ecosystem of partners.