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Stockholders Settle Pivotal-VMware Merger Suit For $42.5M

By Sarah Jarvis ( June 3, 2022, 8:30 PM EDT) -- Shareholders in a Delaware Chancery Court class action challenging Pivotal Software Inc.'s $2.7 billion sale to VMware Inc. in 2019 have agreed to settle their case for $42.5 million in a deal that would permanently end claims that the sales negotiations were not protected from controller interests and conflicts....

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