EMC Corporation (NYSE:EMC) is considering various options including a merger deal with Hewlett-Packard Company (NYSE:HPQ) and Dell Inc. (NASDAQ:DELL), according to The Wall Street Journal report.
Citing people familiar with ongoing developments, the WSJ reports J.P. Morgan Chase is advising the data storage giant regarding its various options.
Pressure from activist shareholder
Activist investment firm Elliot Capital Management has reportedly targeted EMC Corporation (NYSE:EMC) by pressuring the data storage giant to spin off VMware, Inc. (NYSE:VMW). The firm’s investment in EMC Corporation is estimated at 2% of EMC’s equity value, translating into the company’s fifth biggest shareholder. The substantial stake signifies one of the largest it has ever...
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