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Posted by Rodrigo Beltran

Right after markets closed today, VMware, Inc. (VMW) announced it was acquiring Pivotal Software, Inc. (PVTL) for $15 a share. The deal valued Pivotal at $2.7 billion.

 

Two and a half months before the announcement, Rumor Hound read and picked up a CNBC article where Pivotal was mentioned as a potential acquisition target.

 

Screen Shot 2019-08-29 at 15.35.09

 

Two months later, a week before the announcement, Rumor Hound picked yet another rumor from a highly reliable source, Street Insider, which identified VMware as a potential acquirer for $15 per share. Finally, two hours before the announcement, Rumor Hound identified another Street Insider rumor mentioning PVTL ticking higher as chatter circulated around Wall St.

 

Screen Shot 2019-08-29 at 15.35.39


Topics: featured-blog, Rumor Hound