Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

FTC Approves Dell’s $67B EMC Purchase

cloudITThe Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC).

FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday.

“Our teams are engaged in integration planning and all transaction-related workstreams are on track, ” noted Michael Dell.

Joe Tucci,  EMC’s chairman and CEO, said the combined company will offer a portfolio of information technology products and services intended to help facilitate clients’ digital transformation and hybrid cloud implementation efforts.

The transaction is still subject to approval by EMC shareholders and other customary closing conditions.

Dell and EMC have said they expect to complete their merger sometime between May and October.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles