Dell Inc is offering $27.25 per share in cash for data storage company EMC Corp (EMC.N), Re/code reported on Friday, citing sources briefed on the negotiations.

Shareholders will also get a specialized stock in cloud software company VMware Inc VMS.N as part of the deal, Re/code reported. (on.recode.net/1GAOQEY)

EMC and Dell were not immediately available for comment.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Don Sebastian)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲