Dell Technologies to buy out VMWare tracking stock
Taking Softbank’s lead, China, UK managers form $15 billion tech fund
July 2, 2018Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan
July 2, 2018This post was originally published on this site
(Reuters) – Dell Inc said on Monday it will buy out the holders of shares that track the performance of VMWare Inc using a mix of cash and equity in Dell. Dell said it will propose to exchange each share of VMware tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or at the holder’s election, $109 in cash, subject to the total amount of cash consideration not above $9 billion.