Following a 13D/A filing by controlling shareholder Dell Technologies (DELL) disclosing merger discussions, Pivotal Software (PVTL) confirmed that the company is negotiating an agreement to be acquired by VMware (VMW) for $15.00 per share in cash, representing a premium of nearly 81% to the close price prior to the disclosure.
Read MoreAfter an on-again, off-again courtship, Broadcom (AVGO) and Symantec (SYMC) finally sealed the deal, albeit on a more limited basis than first rumored. Rather than acquiring the company outright, Broadcom will acquire Symantec’s Enterprise Security assets, including the Symantec brand, for $10.7 billion in cash.
Read MoreStamps.com (STMP) delivered Q2 ’19 results ahead of expectations. Underlying the strong performance was the highest number of gross customer additions in recent memory, robust growth in Global Advantage Program revenues, and a modest reacceleration in customer postage printed.
Read MoreStamps.com (STMP) reports Q2 ’19 results on Wednesday, August 7. Our revenue, adjusted EBITDA, and non-GAAP EPS estimates sit above consensus, and we remain comfortable with our projections.
Read MoreIt was a busy week in software with several tuck-in acquisitions announced, a deluge of earnings to digest, and some notable executive changes. On the M&A front, Avalara (AVLR) acquired Portway International, a provider of Harmonized System classifications and customs brokerage services.
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