Dell Technologies Closes Class V Transaction

( - Dell Technologies announced the successful completion of the Class V transaction following approval of the transaction by its stockholders at a special meeting held on December 11, 2018.

Dell Technologies said it paid $14 billion in cash and issued 149.39 million shares of its Class C common stock in connection with the Class V transaction.

Dell Technologies Class V common stock (DVMT) ceased trading prior to the opening of trading on December 28, 2018.

Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange.

Each outstanding share of 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.

Such exchange ratio was calculated based on the aggregate amount of cash elections , as well as the aggregate volume-weighted average price per share of Class V common stock on the New York Stock Exchange for the 17 consecutive trading day period that began on November 28, 2018 and ended on December 21, 2018, which was $104.8700.

Following the completion of the Class V transaction, Dell Technologies has approximately 171.91 million outstanding shares of Class C common stock (or approximately 206.48 million shares on a fully diluted basis, before applying the treasury stock method) and approximately 718.43 million shares of common stock in total (or approximately 763.91 million shares on a fully diluted basis, before applying the treasury stock method).

Read the original article on RTTNews (

For comments and feedback: contact

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story



Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More