Actionable news
0
All posts from Actionable news
Actionable news in VMW: VMWARE INC,

Dell says could buy back at least $3 billion in VMware tracking stock

A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015.

Dell Inc [DI.UL] said in a filing on Monday that it has the flexibility to buy back at least $3 billion in VMWare Inc (VMW.N) tracking stock, the special class of shares the computer maker plans to issue to help finance its acquisition of EMC Corp (EMC.N).

The disclosure could prove important as Dell seeks ways to boost the value of VMware, a virtualization software maker majority-owned by EMC. The plans to issue a tracking stock have weighed on VMware's common shares, which have lost a quarter of their...


More