Deals
EMC Shareholders Approve Dell Merger With 98 Percent of Votes
- Biggest tech deal expected to close by end of the year
- Dell offered $67 billion for EMC, merging tech hardware titans
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EMC Corp. shareholders approved the merger with Dell Inc. with 98 percent of the votes, clearing a key hurdle on the way to finalizing the largest technology merger in history.
EMC, the maker of storage products, said nearly all shareholders voted in favor, based on a preliminary tally unveiled at a special meeting to decide the deal, according to a company statement. The merger is on track to close under the original terms, EMC said. Previously EMC said the deal would close by October. It’s still subject to regulatory approval from China.