December 11, 2018 / 2:56 PM / 2 years ago

Dell gets shareholder approval for VMware deal

Dec 11 (Reuters) - Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it to return to the market.

Dell said its Class C shares are expected to begin trading on the New York Stock Exchange on Dec. 28.

The company had sweetened the offer for the VMware tracking stockholders to $23.9 billion from $21.7 billion in November.

The deal, announced in July, allows Dell to become a publicly listed company without an initial public offering, which would likely have involved grilling by stock market investors over Dell’s $52.7 billion debt pile. (Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur)

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