Dell, EMC, Dell Technologies, Cisco,

Sunday, July 17, 2016

Don't Sell EMC Ahead of Dell Merger Just Yet

Trying to decide on what to do with your #EMC (EMC) shares? For now, do nothing. Here's why. EMC, which reports earnings late Monday, is in a win-win situation. Shares are up more than 7% in the past three months, trading around $27.50. Its chart shows the stock is on a path for 5% to 10% gains by year's end. On Tuesday, EMC shareholders are expected to vote on the planned $67 billion merger with privately held #Dell. The takeover was announced eight months ago and is expected to be approved. This means the deal, which is slated to close by October, will be on schedule. #DellTechnologies

https://www.thestreet.com/story/13640996/1/don-t-sell-emc-ahead-of-dell-merger-just-yet.html

No comments:

Post a Comment