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Fly News Breaks for August 6, 2015
EMC, VMW
Aug 6, 2015 | 07:29 EDT
After Re/code reported that EMC (EMC) and VMware (VMW) are considering a transaction that would entail VMware buying EMC, Wells Fargo says that the deal would make sense since it would allow the combined company to realize "material cost synergies." The firm says that the takeout premium from such a deal is not reflected in EMC's stock. It keeps an Outperform rating on EMC.
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