EMC shareholders to vote on Dell merger
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The $67 billion merger between tech giants Dell and EMC will go to a final EMC shareholder vote in July.
EMC Corp. of Hopkinton will be hold the special shareholders meeting on July 19 to approve the company’s purchase by Dell.
The meeting of shareholders is taking place in place with the original timeline and under the original conditions, according to a release from EMC.
The vote will pave the way for the completion of the Dell-EMC merger that was initially announced in September and has been approved by the European Commission and the U.S. Federal Trade Commission. The takeover's $67-billion price tag is way above the current record-holding tech buy -- the $25-billion sale of Compaq Computer to Hewlett-Packard in 2002.
Still unresolved in the matter is what would happen to EMC employees, including the nearly 10,000 in Massachusetts.
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