Dell returned to the public market on Friday, ending a long saga that began when CEO and founder Michael Dell took the declining company pr...
Dell returned to the public market on Friday, ending a long saga that began when CEO and founder Michael Dell took the declining company private in 2013 through a $25 billion buyout with Silver Lake. The next five years saw Dell make gains in cloud computing and the enterprise, and the company’s gaming PC division is also a strong performer. Dell opened at $46 on Friday under the NYSE symbol DELL and quickly started trading up.
Earlier this year, Dell announced it would become a public company again through a complex arrangement that involved buying back tracking shares for VMware, the software business that Dell owns an 80 percent chunk of. Those shares “were born as part of Dell’s complicated deal to buy EMC a few years ago” according...
from The Verge - Tech Posts http://bit.ly/2Q9QUi8
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