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Deal snapshot: VMWARE CEO GELSINGER TO STEP DOWN AFTER DELL-EMC DEAL CLOSES, CRN REPORTS.

MANews-(C)2009-2016

US-based virtualization applications firm VMware CEO Pat Gelsinger is planning to leave the company once Dell closes its acquisition of EMC, US-based IT media outlet CRN said, citing multiple sources with knowledge of the executive's plans.

CRN reported that replacement candidates are already under consideration.

Country: USA

Sector: Computer Hardware

Target: EMC Corp

Buyer: Dell Inc., Michael S. Dell, MSD Partners, Silver Lake

Vendor:

Deal size in USD: 67bn

Type: Corporate Acquisition

Financing: Cash and Stock

Status: Agreed

Buyer advisor: J.P. Morgan , Credit Suisse , Barclays , BofA Merrill Lynch , Citi , Credit Suisse , Deutsche Bank Securities , Goldman, Sachs and Co , RBC Capital Markets , Simpson Thacher and Bartlett LLP , Wachtell, Lipton, Rosen and Katz

Comment: Gelsinger to step down as CEO of VMware following merger close, CRN reports

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Publication:M & A Navigator
Date:May 12, 2016
Words:129
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