Dell Technologies Status
The company (NYSE: DELL) acquired Dell-VMWare Tracking through a reverse merger, resulting in the combined entity trading on the New York Stock Exchange under the ticker symbol DELL on December 28, 2018. The company paid $14 billion in cash and issued 149,387,617 million shares of its Class C common stock. Each outstanding share of Dell-VMWare Tracking's Class V common stock has converted into the holder's right to receive either $120.00 in cash, without interest, subject to a cap of $14 billion on the aggregate cash consideration, or 1.8066 shares of Class C common stock. Following the completion of the transaction, the company has approximately 171,909,324 outstanding shares of Class C common stock and approximately 718,434,605 shares of common stock in total. Previously, the company was acquired by MSD Capital and Silver Lake Partners through a $24.9 billion public-to-private MBO on October 29, 2013.