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posted by mrpg on Friday November 23 2018, @02:40AM   Printer-friendly
from the class-v-that's-like-a-rocket? dept.

Submitted via IRC for Bytram

Dell melts in face of investor dissent, ups offer for Class V stock

Dell Technologies has upped the buy price for Class V stock to win support from shareholders that threatened to block the proposed transaction and hinder the company’s return to the US stock market.

The final per share offer is for $120 in cash, subject to an aggregate $14bn cap, or to swap each unit for between 1.5043 and 1.8130 shares of Class C stock in Dell when it lists again.

The previous $109 per share offer – on the table from July – was dismissed by some investors including corporate raider Carl Icahn, who has since vowed to stop the buy saying it low-balled their value and involved the lawyers.

[...] Class V stock, also known by its stock market ticker DVMT, was created in 2016 to help Dell fund its $67bn buy of EMC. It tracks Dell’s stake in VMware but, as the FT pointed out, the share swap alternative means it can be viewed as a proxy for the value of Dell.


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  • (Score: 0) by Anonymous Coward on Friday November 23 2018, @04:48AM (2 children)

    by Anonymous Coward on Friday November 23 2018, @04:48AM (#765450)

    This is how we Anonymous Cowards get a bad name. What does any of this have to do with Dell?

  • (Score: 0) by Anonymous Coward on Friday November 23 2018, @04:51AM (1 child)

    by Anonymous Coward on Friday November 23 2018, @04:51AM (#765452)

    Soylentitled Boomers own Dell stock. What else would you like explained to you, my dear intellectually challenged friend?

    • (Score: 0) by Anonymous Coward on Friday November 23 2018, @04:19PM

      by Anonymous Coward on Friday November 23 2018, @04:19PM (#765572)

      Soylentitled Boomers own Dell stock.

      I'm a Soylentitled Boomer (and a soiled boomer if I get out of my recliner too fast), and I don't own any Dell stock (or any stocks for that matter).

      What else would you like explained to you, my dear intellectually challenged friend?

      Perhaps how you can be so wrong so often and still think your opinion is of any value?