Deal snapshot: VMWARE CEO GELSINGER TO STEP DOWN AFTER DELL-EMC DEAL CLOSES, CRN REPORTS.
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.
Sector: Computer Hardware
Target: EMC Corp
Buyer: Dell Inc., Michael S. Dell, MSD Partners, Silver Lake
Deal size in USD: 67bn
Type: Corporate Acquisition
Financing: Cash and Stock
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|
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