VMware (NYSE:VMW) changed -0.49% to recent value of $147.17. The stock transacted 1429112 shares during most recent day however it has an average volume of 1590.44K shares. It spotted trading -28.83% off 52-week high price. On the other end, the stock has been noted 33.55% away from the low price over the last 52-weeks.
On Sept. 06, 2019, VMware (NYSE:VMW) a leading innovator in enterprise software, revealed that its wholly owned subsidiary, Calistoga Merger Corp. (Merger Sub), has commenced a cash tender offer to purchase all of the outstanding shares of common stock, par value $0.001 per share, of Carbon Black (NASDAQ: CBLK), a leader in cloud-native endpoint protection, for a price of $26 per share (the Tender Offer).
The Tender Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase, dated September 6, 2019, and the related letter of transmittal and pursuant to the previously announced agreement and plan of merger (the Merger Agreement), entered into by and among Merger Sub,VMware and Carbon Black on August 22, 2019. The offer will expire at 12:00 midnight, New York City Time, at the end of the day on October 3, 2019 (the Expiration Time). Any extension of the Tender Offer will be followed by public announcement of the extension no later than 9:00 a.m., New York City Time, on the next business day after the Expiration Time.
VMware will file a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission. The offer to purchase contained within the Schedule TO sets out the full terms and conditions of the Tender Offer. The Tender Offer is subject to customary conditions, including the tender of at least a majority of the shares of Carbon Black and the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, among others.
Advisors
J.P. Morgan Securities LLC served as financial advisor and Morrison & Foerster LLP served as legal counsel to VMware. Morgan Stanley & Co. LLC served as exclusive financial advisor and Goodwin Procter LLP served as legal counsel to Carbon Black.
VMW has a gross margin of 85.50% and an operating margin of 21.60% while its profit margin remained 25.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 55.00% for this year while earning per share for the next 5-years is expected to reach at 8.90%.
The company has 392.69M of outstanding shares and 77.43M shares were floated in the market. According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.55% from the mean of 20 days, -8.31% from mean of 50 days SMA and performed -10.89% from mean of 200 days price. Company’s performance for the week was 8.43%, -5.48% for month and YTD performance remained 7.32%.
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