Talk about keeping it in the family: Dell-owned Pivotal shares rocket after Dell-owned VMware mulls gobbling it up

Talk about keeping it in the family: Dell-owned Pivotal shares rocket after Dell-owned VMware mulls gobbling it up

5 years ago
Anonymous $ZuTig1gZkQ

https://www.theregister.co.uk/2019/08/15/pivotal_vmware/

Dell-owned VMware is in talks to acquire Dell-owned Pivotal Software, the hypervisor giant announced Wednesday.

In a filing to America's financial watchdog, the SEC, the boards of directors of VMware and Pivotal said they "are proceeding to negotiate definitive agreements with respect to a transaction to acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per share price equal to $15.00."