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VMware Shareholder Slams ‘Terrible’ Reverse Merger Proposal

Jericho Capital Asset Management just became the first large VMware shareholder to publicly voice its disapproval with Dell Technologies’ reported proposal to merge VMware with the rest of Dell’s subsidiary companies. In an open letter to VMware’s independent directors, Jericho Capital lambasted the potential merger as a “bailout” of Dell Technologies that would be “highly detrimental” to VMware shareholders. VMware investors have collectively shown their unhappiness with the potential merger, as shares have fallen more than 15% since the plan came to light in late January. Now the question is whether other large VMware investors will come out against the proposed merger.

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