VMware and Pivotal Software announced that the companies have entered into a definitive agreement under which VMware will acquire Pivotal for a blended price per share of $11.71, comprised of $15 per share in cash to Class A stockholders, and the exchange of shares of VMware’s Class B common stock for shares of Pivotal Class B common stock held by Dell Technologies, at an exchange ratio of 0.0550 shares of VMware Class B stock for each share of Pivotal Class B stock. In total, the merger consideration represents an enterprise value for Pivotal of $2.7 billion. Following the close of the transaction, VMware will be positioned to deliver a comprehensive enterprise-grade Kubernetes-based portfolio for modern applications. (Arcweb)
VMware Enters Agreements To Acquire Pivotal Software And Carbon Black
VMware and Pivotal Software announced that the companies have entered into a definitive agreement under which VMware will acquire Pivotal.
