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NEW YORK (Reuters) – Dell Technologies Inc. (DVMT.N) plans to interview the banks this week to eventually launch a public offer rather than doing so through an acquisition proposal that has aroused resistance from some investors, reported Sunday the Wall Street Journal.
The Dell logos are visible at its headquarters in Cyberjaya, outside Kuala Lumpur, in this photo from September 4, 2013. REUTERS / Bazuki Muhammad / Files
Round Rock, Texas, said this summer it will pay $ 21.7 billion in cash and shares to buy shares related to its stake in VMware Inc. (VMW.N) to return to the stock market without a public offer.
The decision to interview banks for an IPO shows that there are growing tensions between Dell and investors who have said the deal underestimates some of its shares, reported the newspaper.
Dell has postponed a roadshow for the VMware agreement expected this week by a week ago, told Reuters a person familiar with the subject.
The initial share buyback plan for VMware would allow Dell to bypass an IPO process in which Dell should have been subject to a $ 52.7 billion debt control.
Dell did not immediately return a request for comment.
Report by Jessica DiNapoli and Liana Baker; Editing by Will Dunham
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