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Dell Wins Shareholder Vote to Return to Public Markets

  • Computer giant lifted bid to about $120 a share in cash, stock
  • Will list on NYSE as soon as Dec. 28 under ticker DELL
Michael Dell
Michael DellPhotographer: Simon Dawson/Bloomberg
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Dell Technologies Inc. won a shareholder vote to return to public markets, putting founder Michael Dell on the winning side of a transformative transaction that polarized investors for the second time in five years.

Under terms of the deal, Dell will buy out shareholders of the stock that tracks Dell’s stake in software maker VMware Inc., known by its ticker DVMT, for $23.9 billion worth of cash and shares. The Round Rock, Texas-based computer giant said it will list on the New York Stock Exchange as soon as Dec. 28 under the ticker DELL.