- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
