Vote Paves Way for Dell to Trade Publicly Again
Under terms of $24 billion deal, Dell will buy out shareholders of the DVMT tracking stock
Dell Technologies Inc. is set to return to public markets later this month, after the PC maker and data-storage company recut a deal that garnered sufficient shareholder support.
Shareholders of a stock that tracks Dell’s interest in software maker VMware Inc. voted Tuesday to approve a deal that will simplify Dell’s complex ownership structure and return it to the public markets. The vote followed months of shareholder resistance that prompted Dell to increase its offer and restructure its deal.
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