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Fly News Breaks for October 19, 2015
VMW, EMC
Oct 19, 2015 | 08:31 EDT
Wells Fargo says that investors seem dissatisfied with the Dell-EMC (EMC) deal, as they are particularly unhappy with the VMware (VMW) tracking stock portion of the transaction, according to the firm. Wells says it "remains to be seen" if Dell will improve the deal or if EMC will pursue other alternatives, including a possible buy-in of VMware. The firm thinks that EMC's stock is worth at least $30, so it sees value in the stock at current levels and keeps an Outperform rating on the shares.
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