Thread regarding VMware layoffs

Holding a place in my heart for the day the news of MD’s death is reported.

They can send in a slate of fake regularity approval letters following the strategy greatest businessman in the history of the plant. Sue me, sue you!

"The issue is greed knows no boundaries. Michael Dell could have slowly sold his shares in the open market, but they wanted money immediately."

I had the same thought about the VMW leadership team. Small frequent sell orders don't trigger the insider trading alarms at the SEC. Meanwhile, were all left holding a soon to be rapidly declining asset, VMW shares.

They must have an update by tomorrow.

That’s funny

Most likely they will extend the deal with new offers and contract terms.

Deal cannot be extended in the terms of the current agreement. It says explicitly in the current merger agreement that in no cases can be deal be extended past Nov 26.

The only way to extend is to draw up a new agreement. Anything new has to be completely reviewed all over again by all parties including regulatory bodies due to procedure, they simply can't create a new agreement and continue from where they left off.

They must have an update by tomorrow.

The contract says that the merger happens on the third business day after meeting requirements. So Tuesday, Wednesday, Friday. If there's no announcement tomorrow (on either trying to increase the time to merge or closure, the markets will punish them.

All signals (I'm speculating here) are that the deal is dead, hence increasing communication on how VMware will keep running as an independent firm.

The issue is greed knows no boundaries. Michael Dell could have slowly sold his shares in the open market, but they wanted money immediately.

The Chinese have a message for all those still waiting and hoping for the deal to close.

"Hock Tan and Michael Dell must agree to our concessions, take the legal risk of bypassing the U.S. government sanctions on AI chips, or accept that there is no other way this deal will be approved."

Today is the day. If not, then tomorrow. Or, soon.

There will not be any extension. The contract terminates on the 26th. After that it is up to Broadcom and VMware if a NEW contract will be created. That contract will require board and shareholder approval again. Basically they have to start over.

Beyond that, BC will need to setup new financing to help pay for the deal. That financing will be significantly more expensive than it was two years ago. Michael Dell has $1.5Billion reasons to let the contract expire and then go find another buyer. Alternatively, after the 26th, MD will have $1.5Billion in leverage to negotiate a new deal with BC.

Most likely they will extend the deal with new offers and contract terms. This is all with changes to be considered after dealing with Chinese officials last week.