“Dell has agreed to buy out its own tracking stock for $21.7bn in a move that will return the sprawling technology company back to public markets five years after its founder took it private,” James Fontanella-Khan reports for The Financial Times. “The deal announced on Monday will give Michael Dell and his financial partner Silver Lake, the tech-focused private equity group, greater control of VMware, the data centre company it already controls.”

“By taking Dell back on to public markets — after a contentious $25bn buyout five years ago — one of the world’s largest tech companies will have the possibility to manage and reduce its large debt pile,” Fontanella-Khan reports. “Under the terms of the deal Dell will exchange each share of its ‘Class V’ tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or at $109 in cash — up to and not exceeding $9bn worth of cash.”

Read more in the full article here.

MacDailyNews Take: We very much look forward to again tracking Dell’s market value.

SEE ALSO:
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Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
Apple now worth 24 times Dell’s market value – May 23, 2012
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
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Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
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