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Shares Rise on Reports Dell May Increase Tracking Stock Offer

statesman.com

Dell Technologies saw its tracking stock rise more than 6 percent Wednesday following reports that the tech giant is contacting major shareholders to to discuss potentially increasing its tracking stock buyout offer. Dell has reached out to investors to determine what it would take to win their support for its plans to return to the public markets, according to reports from both the Wall Street Journal and Bloomberg News Service Round Rock-based Dell -- the largest private employer in Central Texas -- has proposed a $21.7 billion deal that would pay $109 a share to investors in the tracking stock, known ...

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