Who owns dell stock

If asked, what can I say about the transaction? We are recapitalizing the company by proposing a transaction to retire the VMware tracking stock DVMT and replace those shares with a mix of cash and publicly traded Dell Technologies Class C common stock. Note: This statement should not be revised in any way.

Additional context for spokesperson background only. In February we announced our intent to explore strategic options for the company, and clarified our intentions on July 2, , when Dell Technologies announced plans to retire the VMware tracking stock DVMT and replace those shares with a mix of cash and publicly traded Dell Technologies Class C common stock.

The transaction is subject to approval by the majority of the outstanding shares of Class V Common Stock, excluding those shares held by affiliates of Dell Technologies and is expected to close in calendar Q4 of Following the transaction:.

DVMT stock will be delisted and eliminated. However, as a potential contingency plan in the event that the Class V transaction is not consummated, Dell has met with certain investment banks to explore a potential IPO of its Class C Common Stock. Why is Dell Technologies doing this? The transaction achieves several important objectives:. Provides current DVMT stockholders with significant and immediate premium to the trading price of the DVMT stock, and the opportunity to receive a new class of publicly traded stock that reflects the entire Dell Technologies family of businesses, enabling them to benefit from potential future value creation of Dell Technologies.

Gives Dell Technologies more strategic and financial flexibility for future initiatives. Is Dell Technologies becoming a public company? Since the September EMC merger, Dell Technologies has been operating as a public company that is privately controlled.

Why are we making these changes now? Dell Technologies has dramatically transformed its business since the going-private transaction in and has become the leader in both traditional and emerging technologies.

As part of the transformation, Dell Technologies also acquired EMC, conducted initial public offerings of SecureWorks and Pivotal which, as with VMware, will remain publicly traded subsidiaries and divested non-core assets to reshape the Dell Technologies family of businesses. Dell Technologies emerged from this transformation better positioned to quickly respond to the changing IT landscape. Its proven agility and commitment to innovation positions Dell Technologies for future success.

Dell Technologies is now a leading global end-to-end technology infrastructure provider with a complete portfolio of IT solutions and is a key enabler of transformative IT trends, including multi-cloud management, edge computing, Internet of Things, digitization and artificial intelligence.

As a result, this is the right time for Dell Technologies Class C stock to be publicly traded. By going private, the company can focus on a long-term strategy to position it for success in the future.

It can align its interests with those of its customers. Dell said the company was prospering after going public since its team could focus on innovating for customers rather than worrying about quarterly results. Yahoo Finance. The Wall Street Journal.

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Dell is a leading provider of end-to-end scalable solutions for customers around the world. Join the conversation. Dell privatization deal completed On Oct. An exciting new chapter This transaction positions Dell to enter an exciting new chapter, continuing the execution of its long-term strategy and focusing on delivering best-in-class solutions to customers as a private enterprise.