NEW YORK (TheStreet) -- EMC Corp.  (EMC) stock is up by 1% to $25.23 in mid-afternoon trading on Thursday, after a report stated the European Commission would approve the company's takeover by Dell.

The regulatory group will unconditionally approve the computer company's acquisition of EMC, sources told Reuters. EMC is an IT and data storage company based in Hopkinton, MA. 

Last year, Dell announced that it would buy EMC for $67 billion, which was the biggest tech deal ever

The commission is expected to rule on the acquisition before February 29, according to Reuters

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a decline in the stock price during the past year, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: EMC

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