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Wednesday, May 3, 2017

Challenge To $67B EMC-Dell Merger Gets Tossed

Law360, New York (May 2, 2017, 7:05 PM EDT) -- A multi-count, multi-theory investor suit challenging #Dell Inc.'s $67 billion acquisition of #EMC Corp. and #VMware Inc. last year failed to get any traction Tuesday in Delaware’s Chancery Court, with the class allegations dismissed for a collective failure to state any sufficient claim for a remedy. In a 46-page opinion, Vice Chancellor J. Travis Laster found that none of VMware shareholder Francis M. Ford’s “core theories” were strong enough to survive dismissal against any of the multiple parties named.

https://www.law360.com/articles/919733/challenge-to-67b-emc-dell-merger-gets-tossed

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