July 1, 2018 / 8:04 PM / 8 months ago

Dell near deal to swap out DVMT tracking shares -WSJ

July 1 (Reuters) - Dell Inc is close to a deal to combine shares that track its VMware Inc virtualization-software unit in an effort that would result in a public listing for the personal computer and data storage company, the Wall Street Journal said on Sunday.

Citing people familiar with the matter, the newspaper said Dell has been conducting a strategic review for months and plans to announce the deal as early as Monday.

Details on the acquisition of the DVMT tracking stock , which could still fall through, could not be learned, the WSJ said.

Other options Dell considered included a combination with VMware or an initial public offering, it said.

DVMT has a market capitalization of $17 billion, while that of VMware is about $60 billion after their stock prices increased this year on the possibility of a deal, according to the paper. (Reporting by Richard Leong Editing by Paul Simao)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below