Dell near deal to swap out DVMT tracking shares - WSJ

Reuters 

(Reuters) - Inc is close to a deal to combine shares that track its Inc virtualization-software unit in an effort that would result in a public listing for the personal computer and data storage company, the said on Sunday.

Citing people familiar with the matter, the newspaper said has been conducting a strategic review for months and plans to announce the deal as early as Monday.

Details on the acquisition of the tracking stock, which could still fall through, could not be learned, the WSJ said.

Other options considered included a combination with or an initial public offering, it said.

has a market capitalization of $17 billion, while that of is about $60 billion after their stock prices increased this year on the possibility of a deal, according to the paper.

(Reporting by Richard Leong; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 02 2018. 12:00 IST