Saturday July 4, 2020

Dell shareholders back stock market return

After going private in one of the biggest leveraged buyouts ever, Dell will re-list as a financially stronger and more diverse leader in computer equipment and software, though more burdened by debt

12th December, 2018
Dell had to sweeten offer to shareholders. Pic: Getty

The world’s largest private technology company on Tuesday secured more than 61 per cent of tracking stock DVMT’s unaffiliated shareholders. Of those who cast a ballot, 89 per cent voted in favour. DVMT acts as a proxy for Dell’s stake in software maker VMware.

Texas-based Dell will buy out DVMT in a cash and share-swap deal that values DVMT at $23.9 billion. The computer giant said it would list on the...

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