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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.
(Score: 0) by Anonymous Coward on Friday November 23 2018, @04:47PM
Look everyone, im a victim like a Jew being genocided and anyone who disagrees is Hitler!!!11!
Go get a job already unless you get off on fighting the capitalist system. If so, then carry on and live a miserable life.