EMC Corporation (NYSE:EMC); RadioShack Corporation (NYSE:RSH); Merck & Co., Inc. (NYSE:MRK)
Dallas, Texas, 09/23/2014 (ustrademedia) – Storage solutions maker EMC Corporation (NYSE:EMC) has indicated that it is weighing all the options which are ahead of it, in context to the impending retirement of its current Chief Executive Officer Joseph Tucci. Activist investors have lately been exerting pressure on the company board to take up steps which would unlock the full potential of the company. In line with these thoughts, news has just emerged that the company board has been exploring various options which include either a partial or full sale of the firm. Other reports have indicated that EMC Corporation (NYSE:EMC) is also studying the likely impact that spinning of VMware Inc. (VMW) could have on the prospects of the larger firm.
Embattled electronic devices retailer RadioShack Corporation (NYSE:RSH) has disclosed that it is in the midst of in-depth discussions with a “major vendor” to secure a new line of financing, which if successful, would prevent the firm from filing for bankruptcy. The vendor who is engaged in this discussion remains unnamed by RadioShack Corporation (NYSE:RSH). The news came out in the form of an SEC update yesterday. The latest developments come on the back of warning that the troubled retailer had provided earlier this month, when it had indicated that it would be left with no option but to file for bankruptcy if some of these ongoing efforts to restate its debt burden do not bear fruit.
German drug maker Merck & Co., Inc. (NYSE:MRK) announced yesterday that it has signed off on a deal to buyout Chemical manufacturing firm Sigma-Aldrich Corporation (NASDAQ:SIAL) for a sale consideration of $17 billion. The drug maker hopes to reduce its dependence on other chemical manufacturers through this acquisition. The sale price of $140 per share of Sigma-Aldrich Corporation (NASDAQ:SIAL) that Merck & Co., Inc. (NYSE:MRK) would be paying constitutes a 40 percent premium on the bought out firm’s last week closing price.