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VMware Shareholders are Winning Their Battle to Block Michael Dell's Push for a Reverse Merger

Business Insider
  • VMware shares soared on Monday on word that Michael Dell is ready to abandon his reverse merger plan between VMware and Dell Technologies.
  • Shareholders were in open revolt, and Wall Street analysts were openly negative about the prospect of the deal.
  • Employees weren't thrilled either, and neither were VMware's hardware partners that compete with Dell, according to reports.
  • The deal would have been huge, and would have given Dell a non-traditional path to going public again...
Mentions: Management IPO Credit Suisse