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Dell moves to go public again, bypasses the traditional IPO process

A new public security will give Dell currency it can use to pay for acquisitions beyond cash

Reuters 

Dell Technologies Inc said on Monday it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc, returning the computer maker to the stock market without an initial public offering. Dell said the agreement values its equity at between $61.1 billion and $70.1 billion, more than twice the value of the $24.9 billion deal that founder and Chief Executive Officer Michael Dell and buyout firm Silver Lake clinched to take the company private in 2013. The transaction will allow Dell to bypass the traditional IPO process, which ...

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First Published: Tue, July 03 2018. 13:59 IST
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