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Dell seen making USD 53 bln bid for EMC this week - report
2015-10-12 09:46:00| Telecompaper Headlines
(Telecompaper) Dell is now expected to make its over USD 53 billion offer for data storage maker EMC on 12 or 13 October, Reuters reported, citing people familiar with the matter. EMC has agreed to an offer worth USD 33 a share, including USD 27 in cash, for EMC shares with the rest in new securities tied to the value of VMware, the data centre software maker that EMC controls. As part of the deal, EMC will have up to 60 days to seek a better offer from other potential suitors, said people briefed about the transaction. EMC asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company. The sources added that the clause was EMC CEO Joseph Tucci's way of exhausting all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them. The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing, continued on 11 October, and the two sides hope to unveil an agreement on 12 or 13 October.
CINE Opens At Shanghai Mart This Week
2015-10-12 07:00:00| Nonwovens Industry Breaking News
New nonwovens event will featre more than 100 exhibitors
the Week in Newton: Breastfeeding Mom Offended at Airport; Party Bus...
2015-10-12 03:33:03| Grocery - Topix.net
Hoax Threat Causes Lockdown at Bigelow School A threat called in to the Bigelow School in Newton turned out to be a hoax. Tastefully Simple Founder's Dream Tour Stops in Newton Jill Blashack Strahan shares her inspirational story and shows others how to make their dreams come true.
US oil explorers idle rigs for sixth straight week
2015-10-10 03:30:07| Oil & Gas - Topix.net
Drillers in the Permian sidelined 10 oil rigs, reducing the count there to 230, Baker Hughes said. In the Eagle Ford shale formation, the number fell by 2 to 67. Rigs targeting oil in the US fell by 9 to 605, adding to the 61 sidelined in the previous five weeks and extending a five-year low, Baker Hughes said on its website Friday.
Week of October 12, 2015
2015-10-10 00:36:16| PortlandOnline
PDF Document, 42kbCategory: Nick's Calendar
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