Pivotal Software (PVTL) to be acquired by VMware (VMW)?

Pivotal Software confirms discussions with VMware (VMW) for possible combination; in talks to acquire for $15.00 per share
Pivotal Software (PVTL) confirms that, through a Special Committee of its Board of Directors, it is in discussions with VMware (VMW) 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.

Dell disclosed in amended 13D filing that a special committee of the Board of Directors of VMware and a special committee of the Board of Directors of Pivotal Software are proceeding to negotiate definitive agreements with respect to a transaction to acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per share price equal to $15.00. In addition, the VMware Special Committee has requested in writing that Dell Technologies exchange all of the outstanding shares of Class B common stock of Pivotal other than shares of Class B common stock of Pivotal held by VMware for shares of Class A Common Stock of VMware. Dell Technologies and the VMware Special Committee are now discussing a to be agreed upon exchange ratio, based upon the unaffected market price of each of the Pivotal Class A common stock and the VMware common stock.

Note the Dell Technologies family includes Dell, Dell EMC, Pivotal, RSA, Secureworks (SCWX), Virtustream and VMware.

** charts before earnings **