IRS Intimates Tax Free Status Of Dell-VMware Spin-Off

September 27, 2021 8:50 AM | 27 seconds read |

The U.S. Internal Revenue Service confirmed the tax-free status of Dell Technologies Inc's DELL planned spin-off of VMware Inc VMW for federal income tax purposes.
Dell had announced the prearranged spin-off of its 81% equity ownership interest in cloud computing and virtualization technology company VMware. The transaction will translate into two standalone listed companies.
Price Action: DELL shares traded lower by 0.84% at $103.01 in the premarket session on the last check Monday.

Posted In: Government News Regulations Tech Briefs

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