8-KOther EventsExhibits & Filings

Dell Technologies Inc. 8-K Report, Corporate Update (Aug 31, 2016)

Filed August 31, 2016For Securities:DELL

Summary

This 8-K filing from Dell Technologies Inc., dated August 30, 2016, primarily announces a significant development regarding its proposed acquisition of EMC Corporation. The most crucial piece of information for investors is the final regulatory approval received from China's Ministry of Commerce (MOFCOM). This clearance signifies that a major hurdle in the transaction has been overcome, specifically the requirement for antitrust and competition law approvals. The company also confirmed the expected closing date of the acquisition to be September 7, 2016, indicating that the transaction is on track to be completed soon. This filing effectively signals the near-completion of one of the largest tech deals in history, which is expected to reshape the IT landscape.

Key Highlights

  • 1Dell Technologies Inc. has received final regulatory approval from China's Ministry of Commerce (MOFCOM) for its acquisition of EMC Corporation.
  • 2This approval satisfies the condition related to antitrust and competition law clearances for the transaction.
  • 3The acquisition of EMC Corporation is now expected to close on September 7, 2016.
  • 4The press release announcing MOFCOM's approval is attached as an exhibit.
  • 5The filing serves as notification that a key condition for closing the significant Dell-EMC merger has been met.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce that Dell Technologies Inc. has received final regulatory approval from China's Ministry of Commerce (MOFCOM) for its acquisition of EMC Corporation, and to provide an updated expected closing date for the transaction.

With the final regulatory approval from MOFCOM, a key condition related to antitrust and competition laws has been satisfied. This brings the acquisition very close to completion, with an expected closing date of September 7, 2016.

The acquisition of EMC Corporation by Dell Technologies Inc. is expected to officially close on September 7, 2016.

The forward-looking statements mentioned potential risks such as the failure or delay in consummating the transaction, conditions to closing not being met, financing issues, delays or conditions on regulatory approvals, the trading price of the new Class V Common Stock relative to VMware, the impact of the announcement on relationships and business operations, and adverse economic or market conditions.