Institutional Shareholder Services Recommends EMC Shareholders Vote for Proposed Merger With Dell

EMC Corporation announced that Institutional Shareholder Services, Inc. (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, 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.”

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Glass Lewis Recommends EMC Shareholders Vote for Proposed Merger with Dell
“Transaction is financially and strategically reasonable.”
2016.07.07 | Press Release