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Dell's Financial Merry-Go-Round Spins Again

Brooke Sutherland, Shira Ovide
Dell's Financial Merry-Go-Round Spins Again

Dell Technologies Inc. is choosing the path of least resistance. As a means of returning to the public market, Dell will buy out the DVMT tracking stock that's meant to reflect the value of VMware Inc., a virtualization software maker it gained control of via its $67 billion merger with EMC Corp. in 2016. The terms of this latest deal are predictably complicated, but the net of it is that owners of the tracking stock can exchange their holdings for stock in a public Dell entity or $109-a-share in cash.

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