Dell's acquisition of EMC to close in less than a week

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Dell's acquisition of EMC to close in less than a week

Dell has announced that plans to close its acquisition of EMC on 7 September, following anti-trust approval from the Chinese government authorities.

The company announced Tuesday that it would begin its life as Dell Technologies as soon as the transaction closes. Dell's holding company, Denali Holding, officially changed its name to Dell Technologies last week.

The acquisition was unveiled last October with a target to close within a year. The deal gained anti-trust approval from the US and European regulators in short order, but China's ministry of commerce took its approval process almost to its last possible day.

August marks six months since Dell first applied for anti-trust approval from China's ministry of commerce. That process must be completed within a maximum of 180 days, according to the USA Chamber of Commerce, and only rarely takes that long. Most applications are approved within 30 days, and the vast majority are approved within 120 days, according to international law firm DLA Piper's "Practical Guide to Merger Control in China."

This article originally appeared at crn.com

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