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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: 2) by edIII on Friday November 23 2018, @09:31PM
Right there with you. All of my resources go to retiring someplace with decent soil, water, and an ability to grow most of my food.
Technically, lunchtime is at any moment. It's just a wave function.