ISS Recommends EMC Shareholders Vote 'FOR' Proposed Merger With Dell

(RTTNews) - EMC Corp. (EMC) announced that Institutional Shareholder Services (ISS), an independent proxy advisory firm, has recommended that EMC shareholders vote "FOR" the proposal to approve the merger agreement among Denali Holding Inc., Dell Inc., Universal Acquisition Co., and EMC, and all other proposals described in EMC's proxy statement relating to the company's Special Meeting of Shareholders to be held on July 19, 2016.

ISS is the third independent proxy advisory firm to issue a recommendation to EMC shareholders to vote "FOR" the proposed merger. Glass Lewis and Egan-Jones also issued "FOR" recommendations.

In October 2015, PC maker Dell Inc. agreed to acquire data-storage company EMC Corp. for about $67 billion in cash and stock, while maintaining EMC's virtualization software company VMware Inc. (VMW) as a publicly-traded company. The acquisition would be made by Dell, together with its owners, Michael Dell, founder, chairman and chief executive officer of Dell, MSD Partners and private equity firm Silver Lake.