POTENTIAL DEAL DETAILS
Stock | Pivotal Software, Inc. | Symbol | PVTL |
Date Announced | 08/14/2019 | Source | Press Release |
Type | Unsolicited Bid | Acquiring Company/Person | VMware, Inc. |
Date of Confirmation: | 08/22/2019 | Price at Confirmation: | $13.70 |
Potential Profit: | -2.14% | Annualized Profit: | -97.77% |
Pivotal Software, Inc. (PVTL), a leading cloud-native platform provider, confirms that, through a Special Committee of its Board of Directors, it is in discussions with VMware, Inc. (VMW) regarding a potential business combination, and we are proceeding to negotiate definitive agreements with regards to a transaction in which VMware would acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per-share price equal to $15.00.
Update(s):
August 22, 2019: VMware, Inc. (VMW), a leading innovator in enterprise software, and Pivotal Software Inc. (PVTL), a leading cloud-native platform provider, today announced that the companies have entered into a definitive agreement.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.