(1) Oliver Renick, Lu Wang and Dani Burger, Dell Revives a Relic in Its Purchase of EMC.
("EMC, known for its data storage technology, bought software maker VMware in 2004 for $635 million, then sold almost 20 percent of the company to the public in 2007. Since then, VMware stock has soared, and the company's market value grew to $34 billion as of Oct 12 -- giving EMC one of the best investment returns in tech history. Now, for each share of EMC stock, Dell will pay $24.05 in cash and $9.10 in the form of a new stock [‘tracking stock’] designed to reflect Dell's newly acquired stake in VMware, which will remain a separate, publicly traded company")
My comment:
(a) summary underneath the title in print: The PC maker plans a tracking stock for EMC's VMware stake
(b) The “relic” in the title is “tracking stock,” which I am not familiar with and not interested in.
(c) There is no need to read the rest.
(d) This report does not really reflect the BusinessWeek report, but is the closest to the latter in the Web.
Oliver Renick, Lu Wang and Dani Burger, Dell Dusts Off Dot-Com Curio With Tracking Stock in EMC Buyout. Washington Post, Oct 12, 2015.
http://washpost.bloomberg.com/St ... LU0BD6JBL8FSRUC7PAC
|