EMC chairman and CEO Joe Tucci would remain in that position until the deal clos

es, after which Michael Dell would become chairman and CEO of the combined compa
ny. Dell s headquarters will remain in Round Rock, Texas, while the combined compa
ny s enterprise systems unit will be based in EMC s current base of Hopkinton, Mass.
On an EMC call Monday morning, Tucci said Dell first reached out to him last ye
ar.
Overall, the deal values EMC around 27% higher than where it was trading before
news of Dell s interest first broke last week. It would be the second-largest tech
merger ever, behind only the $106 billion tie-up between AOL and Time Warner in
2000, and the largest-ever take-private transaction for a tech company