EMC has announced that, based on a preliminary vote tally from the Special Meeting of Shareholders held on July 19, EMC shareholders approved the merger agreement among Denali Holding Inc., Dell Inc., Universal Acquisition Co., and EMC, and approved the other two proposals described in EMC’s proxy statement relating to the meeting.
Approximately 98% of voting EMC shareholders cast their votes in favor of the merger, representing approximately 74% of EMC’s outstanding common stock as of the record date for the special shareholder meeting. The final results will be available on a Current Report on Form 8-K, to be filed by the company.
The transaction is expected to close on the original terms and within the originally announced timeframe, subject to regulatory approval from China and satisfaction of customary closing conditions.
“Today’s resoundingly favorable shareholder vote clearly supports our view that combining Dell and EMC will create a powerhouse in the technology industry,” said Joe Tucci, EMC chairman and CEO, in a statement released by the company.
For more information about Dell and EMC combining, visit www.emc.com/futureready.