VMware Inc. shares fell Monday following a report that the computer virtualization company is considering merging with Dell Technologies. VMware shares dropped more than 10% to $134.60 in recent trading. On Monday, CNBC reported that the companies are considering a reverse merger, where VMware would acquire Dell, which already owns more than 80% of VMware through Dell’s acquisition of EMC Corp. in 2016. On Thursday, The Wall Street Journal reported Dell was considering a number of strategic options including a deal to purchase VMware outright. Shares of VMware are still up 54% over the past 12 months, compared with a 25% rise in the S&P 500 index and a 32% gain in the Nasdaq Composite Index over the same period.
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