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Dell Investor Relations Roadshow: 4 Reasons Dell-VMware Is A Winning Hand

Dell Technologies is hitting the road to convince VMware tracking stock shareholders to agree to a buyout. Here are four reasons why Dell believes the deal is a winning hand for VMware tracking stock shareholders.

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Dell Hitting The Road

Dell Technologies Chief Financial Officer Tom Sweet Thursday told Wall Street analysts that the company plans a series of roadshow meetings with investors both in one-on-one and group settings across the country to make a case for the planned buyout of the VMware tracking stock.

Under the terms of the proposed buyout, shareholders of the DVMT tracking stock would exchange each share of DVMT tracking stock for 1.3665 shares of Dell Technologies Class C common stock or $109 per share with the aggregate, not exceeding $9 billion.

The proposed $21.7 billion tracking stock buyout effectively marks the return to the public market by Dell Technologies – five years after Dell founder and CEO Michael Dell took the company private in one of the largest private equity buyouts ever.

As part of the deal, VMware's board of directors has voted to declare an $11 billion cash dividend to all VMware shareholders contingent on the completion of the deal.

After the deal is completed, VMware would maintain its independent status as a publicly traded company, with Dell continuing to own 81 percent of VMware common stock.

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