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- 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.
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