#EMC and #VMware shareholders, who have watched their stock prices plummet over the six weeks since computing giant #Dell announced an ambitious but complex plan to buy out storage company EMC, are demanding a series of actions they hope will stop the free fall.
Some institutional shareholders have asked EMC and Dell for three specific actions they say will improve their confidence in the proposed $67 billion buyout, the biggest tech deal of all time, and increase the chances they will vote in favor of it, people familiar with the demands told Re/code.
“They have to improve the deal, and if they don’t, we’re going to vote against it — and a lot of other people are going to vote against it,” one shareholder, whose firm owns several million shares of EMC, told Re/code.
The three demands by some institutional shareholders are designed to address the 30 percent drop in VMware shares and 9 percent drop in EMC shares since the Oct. 12 buyout announcement.
http://recode.net/2015/11/24/emc-and-vmware-shareholders-demand-changes-to-dell-buyout-deal/
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