2 days ago....April fools I might add....EMC announced their desire to acquire Conchango. This is the company that I currently work for in London and have been for only a short period of time. A lot of activity has occurred in those few months. In January Conchango was listed on AIM and this obviously generated a lot of interest. An offer of 23.1 pence which is a 44% premium on the current share price was made by EMC to acquire Conchango. This equates to 42 million pounds (84 million dollars)...which is quite a nice little nest egg for those involved. The details of the deal will take approximately a month of complete.
This is a first for me where a company I've been working for has been acquired...and this one is a doozy. EMC is a massive company with 37,000 employees worldwide and 13 billion in revenues. Needless to say it will be an interesting experience over the next little while.
1 comments:
Finally, you'll be working for a company large enough to fit your personality.
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