Pivotal Software (PVTL) approached by VMware (VMW)

  • August 19, 2019


StockPivotal Software, Inc.SymbolPVTL
Date Announced08/14/2019Source Press Release
TypeUnsolicited BidAcquiring Company/Person VMware, Inc.
Date of Confirmation: 08/22/2019Price 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.


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.

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