Elliott Management Finally Had This Wish Granted In The $67 Billion Dell/EMC Deal

As mentioned, not everyone is thrilled by the offer, or the move to turn VMware, Inc (NYSE:VMW) into a tracking stock. FBR & Co’s Daniel Ives described the deal as “a “bad dream” for EMC shareholders and more of a nightmare for VMW investors”, suggesting that a deal in the $35-$38 range would be fair valuation for EMC Corporation (NYSE:EMC) and its VMware, Inc (NYSE:VMW) stake. The $67 billion deal is worth $33.15 per share.

As of June 30, shareholders in our database were not very bullish on VMware, the shares of which are down by 8.44% this morning as investors clearly don’t like the implications of the deal for the company and its shareholders. The elite investors that we track held just 2.00% of the company’s stock on that date, worth $740 million. Matt Sirovich and Jeremy Mindich’s Scopia Capital was the largest shareholder among the 35 investors that we track which held long positions in the stock, owning 1.79 million shares.

On the other hand, 54 investors that we follow held 5.00% of EMC’s shares, worth $2.54 billion. Singer’s firm was the largest shareholder among those, followed by John A. Levin’s Levin Capital Strategies with 9.12 million shares and Ken Griffin’s Citadel Investment Group with 5.00 million shares.

Disclosure: None