Data center News
6 Big Dell Stock And VMware Share Numbers To Know Post Spin-Off
From Dell Technologies shares cutting in half to how much VMware stock Michael Dell now owns, CRN breaks down five key important stock, shareholder and key company information that investors and channel partners should know.
Final Distribution Ratio To Dell Stockholders: .440626 Shares Of VMware
Dell Technologies’ final distribution ratio for the special dividend of its shares of VMware Class A common stock and Class B common stock to Dell Technologies stockholders is .440626, meaning each Dell shareholder gets roughly 0.44 shares of VMware.
Dell shareholders received 0.44 of a share of VMware Class A common stock for each share of Dell Technologies common stock held as of 5p.m. on Oct. 29, according to a Dell filing with the U.S. Securities and Exchange Commission.
Each share of VMware Class B common stock has been converted into one share of VMware Class A common stock. Dell Technologies stockholders will receive cash in lieu of any fractional shares of VMware Class A common stock, according to the SEC filing.
Final Share Count: 337,990,441
The spin-off was completed through a special dividend of 30,678,605 shares of VMware Class A Common Stock and 307,221,836 shares of VMware Class B Common Stock distributed to Dell’s stockholders of record as of 5p.m. on Oct. 29.