Dell agrees to pay $1b to settle claims it shortchanged stockholders during EMC acquisition
Dell has agreed to pay shareholders $1 billion to settle claims it didn't give them the full picture when using their allegedly undervalued shares to finance the $67 billion purchase of EMC in 2016.
The financing of the acquisition took significantly longer to close, though, and the swap of special Dell stock that the shareholders were alleging shortchanged them by billions actually took place in late 2018.today, Dell, along with co-defendants Silver Lake Group and Goldman Sachs, agreed to settle the Delaware suit with former holders of the Class V common stock, who had been claiming Dell and co.
In the December 2018 transaction, Dell paid $14 billion in cash and issued 149,387,617 shares of its Class C common stock to holders of its Class V common stock in exchange for their Class V shares.[PDF] – which was amended multiple times – claimed the VMware cash price that the Class V stock was supposed to have tracked was $34 per share higher than Dell paid at the time of the swap.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
First trains running on Cairngorm funicular since 2018The Cairngorn funicular was closed four years ago due to structural problems.
Lire la suite »
Former Primark building goes on the market after opening of flagship storeThe former site of one of Primark's Belfast locations is back on the market after the opening of the new flagship store.
Lire la suite »
Dell Black Friday deals 2022: the best early offers live right nowDell's BlackFriday deals are already live - here's what we've found so far.
Lire la suite »
Dell pushing hybrid quantum/classical system in HPC overhaulSteady now. It's not the full-fledged quantum that will suddenly let you crack encryption algos
Lire la suite »
US DoI seeks single vendor $1b cloud contractPlan is to consolidate DCs, cut costs and carbon under one-CSP-to-rule-it-all deal
Lire la suite »
These 10 Apple Pencil hacks will transform your iPad experienceThe Pencil is mightier than the sword.
Lire la suite »