PI Global Investments
Hedge Funds

Hedge Funds Get Pivotal-VMWare Price Bump After Judge Fixes Math


Hedge funds that challenged the price of Pivotal Software Inc.’s $2.7 billion sale to VMWare Inc. scored an unusual legal victory when a Delaware judge revised her math and reversed herself.

Chancellor Kathaleen St. J. McCormick, who ruled for VMWare last year, issued a corrected decision Tuesday giving an additional $0.44 a share over the deal price to two affiliates of HBK Capital Management Group LP that owned about 10 million shares at the time of the take-private deal.

Tech billionaire Michael Dell controlled both companies before the transaction. Dell, VMWare, and Dell Technologies Inc.β€”its partial parent at the …



Source link

Related posts

UNH, CVS: 2 “Strong Buy” Healthcare Stocks Hedge Funds Are Buying

D.William

Exact Reason Behind Bitcoin (BTC) Drop Finally Revealed β€” TradingView News

D.William

Alibaba (BABA): Hedge Funds Accumulate This Tech Stock

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.