The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storageÂ 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, ” notedÂ Michael Dell.
Joe Tucci, Â EMC’s chairman and CEO, said the combined company will offer a portfolio ofÂ information technology products and servicesÂ intended to helpÂ facilitate clients’Â digital transformation and hybrid cloud implementationÂ efforts.
The transaction is still subject toÂ approval byÂ EMC shareholders andÂ other customary closing conditions.
Dell and EMC have said they expect to complete their mergerÂ sometime between May andÂ October.