Holders to Vote in December on Selling VMware Tracking Stock to Dell -- Reuters
October 19 2018 - 12:12PM
Dow Jones News
--Holders of tracking stocks tied to software company VMware
Inc. (VMW) will vote on Dec. 11 on an offer from Dell Inc. to buy
it back, Reuters reported Friday, citing "people familiar with the
matter."
--Dell is offering $21.7 billion in cash and stock to buy back
the tracking stock, the report said.
--Activist investor Carl Icahn, who owns 8.3% of VMware tracking
stock, issued an open letter last week against the deal, the report
said.
Full story:
https://www.reuters.com/article/us-dell-trackingstock/dell-to-take-21-7-billion-tracking-stock-offer-to-december-vote-sources-idUSKCN1MT1Y9
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 19, 2018 11:57 ET (15:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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