Dell Technologies to buy out VMWare tracking stock

(Reuters) - Dell Inc 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. 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.

from Reuters: Technology News https://ift.tt/2yZyEF9