Dell Technologies Inc. has offered to buy shares that track its interest in software firm VMware Inc., a move that would mark a re-emergence into the public markets for Dell.
PC maker Dell Technologies said Monday that it plans to buy the publicly traded DVMT, which tracks VMware. Each share of Dell Technologies Class V stock will be converted into about 1.37 shares of Class C common stock, Dell Technologies said. The implied value of the Class V shares is $109 a share, it added.
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