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Directors Say They Had No Loyalty Duty In $68B EMC Merger

By Vince Sullivan (February 3, 2017, 5:44 PM EST) -- The directors of EMC Corp. and VMWare Inc. told a Delaware Chancery Court judge Friday that a suit challenging the $68 billion acquisition of EMC by Dell Inc. should be tossed because the directors had no fiduciary duties to the shareholders of EMC affiliate VMWare Inc....

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