Jefferies Downgrades EMC (EMC) to Hold; Sees Limited Upside
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October 12, 2015 6:35 AM EDT
FBR is out with commentary on EMC (NYSE: EMC) amid recent speculation that Dell might move to acquire the company.
Analyst Daniel H. Ives commented, While the initial price talk of $28$30 per EMC share was met with massive frustration and angst among EMC investors, it appears a more enticing deal close to $33 is now on the table and would be met with "much better" reception from the Street, in our opinion. It also appears a tracking stock of... More
October 11, 2015 6:49 PM EDT
By Greg Roumeliotis and Jim Finkle
(Reuters) - Computer-maker Dell Inc struck a deal on Monday to buy data storage company EMC Corp for $67 billion, setting a record in the technology industry, as it tries to transform itself into a giant in the fast-growing market for managing and storing corporate data.
The acquisition, the year's third-largest in all sectors, highlights the frenzy of dealmaking sweeping the economy, as big or mature companies take advantage of low interest rates to buy rivals as a way to spur growth.
The deal should help privately held Dell, the world's No. 3... More
October 9, 2015 4:42 PM EDT
By Greg Roumeliotis
(Reuters) - Dell Inc is planning to use equity in cloud software company VMware Inc (NYSE: VMW) to help pay for its acquisition of EMC Corp (NYSE: EMC) in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.
While... More
