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Dell Confirms Deal To Go Public In VMware Tracking Stock Share Swap

July 2, 2018

Via: CRN

Dell Technologies Monday confirmed that it has reached an agreement to take the company public again on the New York Stock Exchange as part of a share swap with its DVMT VMware software business tracking stock.

Dell said it is planning on exchanging each share of the DVMT tracking stock for 1,3665 shares of Dell Technologies common stock for $109 per share.

Dell said the $109 per share represents a 29 percent premium to the DVMT share closing price and gives the shareholders the “opportunity to participate in Dell Technologies” future value creation.

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