Yuya Shino/Reuters
Dell said on Monday it will buy out the holders of shares that track the performance of VMWare Inc using a mix of cash and equity in Dell.
The move marks the end of a strategic review that Dell has been conducting for several months as it has sought to consolidate its complicated ownership structure without overburdening its balance sheet, which bears around $50 billion in debt. Dell said it will propose to exchange each share of VMware tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or at the holder’s election, $109 in cash, subject to the total amount of cash consideration not above $9 billion.
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/2KBBEJ0
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