Pivotal In Discussions With VMware Regarding Potential Business CombinationBusiness Wire
SAN FRANCISCO–(BUSINESS WIRE)–Pivotal Software, Inc. (NYSE: 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. (“VMware”) 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. However, a definitive agreement between Pivotal and VMware has not been executed. There can be no assurances that a definitive agreement will be executed between the parties. The foregoing information is being provided solely to acknowledge the public announcement on Schedule 13D/A filed by Dell Technologies Inc., Pivotal’s and VMware’s controlling stockholder. Pivotal does not intend to provide any further information as to developments, if any, in its discussions with VMware regarding a business combination unless and until a definitive agreement is executed.
Pivotal combines our cloud-native platform, developer tools, and unique methodology to help the world’s largest companies transform the way they build and run their most important applications. Our technology is used by Global 2000 companies to achieve strategic advantages in software development and IT operations. Learn more at https://pivotal.io.
Source: Pivotal Investor Relations
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