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Dell Technologies Inc (DELL.N)

DELL.N on New York Stock Exchange

69.00USD
22 May 2019
Change (% chg)

$-0.65 (-0.93%)
Prev Close
$69.65
Open
$70.34
Day's High
$70.34
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$68.67
Volume
371,131
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591,493
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$107.22
52-wk Low
$42.02

Latest Key Developments (Source: Significant Developments)

Carl Icahn Dissolves Shared Share Stake In Dell Technologies Class C Stock
Thursday, 16 May 2019 

May 15 (Reuters) - Carl Icahn::CARL ICAHN DISSOLVES SHARED STAKE IN MANITOWOC COMPANY INC - SEC FILING.CARL ICAHN DISSOLVES SHARED STAKE IN DELL TECHNOLOGIES INC CLASS C STOCK.CARL ICAHN: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Dell Technologies Announces Offering Of $4 Bln Of First Lien Notes
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Dell Technologies Inc ::DELL TECHNOLOGIES INC. ANNOUNCES OFFERING OF $4 BILLION OF FIRST LIEN NOTES.DELL TECHNOLOGIES INC - OFFERING OF NOTES IS PART OF A SERIES OF REFINANCING TRANSACTIONS.DELL TECHNOLOGIES - COMMENCEMENT OF PRIVATE OFFERING OF $4 BILLION AGGREGATE PRINCIPAL AMOUNT OF FIRST LIEN NOTES TO BE ISSUED BY 2 OF CO'S UNITS.DELL TECHNOLOGIES - TO USE NET PROCEEDS, TOGETHER WITH NET PROCEEDS OF CONCURRENT REFINANCINGS, TO REDEEM OR REPAY 3.480% FIRST LIEN NOTES DUE 2019.DELL TECHNOLOGIES - INTENDS TO INCREASE LOANS UNDER EXISTING MARGIN LOAN FACILITY BY $650 MILLION.  Full Article

U.S. CPSC Says Dell Recalls Hybrid Power Adapters Sold With Power Banks Due To Shock Hazard
Thursday, 7 Feb 2019 

Feb 6 (Reuters) - U.S. Consumer Product Safety Commission::DELL RECALLS ABOUT 8,900 HYBRID POWER ADAPTERS SOLD WITH POWER BANKS DUE TO SHOCK HAZARD.U.S. CONSUMER PRODUCT SAFETY COMMISSION - DELL HAS RECEIVED 11 REPORTS OF HYBRID POWER ADAPTER BREAKING AND EXPOSING THE INTERNAL COMPONENTS.U.S. CONSUMER PRODUCT SAFETY COMMISSION - NO INJURIES HAVE BEEN REPORTED PERTAINING TO HYBRID POWER ADAPTERS.  Full Article

Carl Icahn Reports A 6.3 Pct Passive Stake In Dell Technologies As Of Dec 28, 2018 - SEC Filing
Tuesday, 8 Jan 2019 

Jan 7 (Reuters) - Icahn Partners Master Fund LP::CARL ICAHN REPORTS A 6.3 PERCENT PASSIVE STAKE IN DELL TECHNOLOGIES AS OF DEC 28, 2018 - SEC FILING.  Full Article

Dell Says Units Of Co Are Party To Credit Agreement Dated As Of Sept 7, 2016 With Credit Suisse, Cayman Islands Branch
Saturday, 22 Dec 2018 

Dec 21 (Reuters) - Dell Technologies Inc ::DELL TECHNOLOGIES INC - UNITS OF CO ARE PARTY TO A CREDIT AGREEMENT DATED AS OF SEPT 7, 2016 WITH CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH - SEC FILING.DELL TECHNOLOGIES - PARTIES ENTERED 4TH AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT TO INCREASE REVOLVING COMMITMENTS BY $1,170 MILLION TO $4,500 MILLION.DELL TECHNOLOGIES - CREDIT PARTIES TO ALSO OBTAIN A NEW SENIOR SECURED TERM LOAN A-4 FACILITY OF $1,650 MILLION TERM A-4 LOANS MATURING ON DEC 20, 2023.DELL TECHNOLOGIES INC - PARTIES TO OBTAIN NEW SENIOR SECURED TERM LOAN A-5 FACILITY OF $5,000 MILLION TERM A-5 LOANS, $2,016 MILLION WAS DRAWN ON DEC 21, 2018.  Full Article

Dell Technologies Stockholders Approve Class V Transaction
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Dell Technologies Inc ::DELL TECHNOLOGIES STOCKHOLDERS APPROVE CLASS V TRANSACTION.DELL TECHNOLOGIES INC - TRANSACTION IS EXPECTED TO CLOSE ON DECEMBER 28, 2018.DELL TECHNOLOGIES INC - VOTES IN FAVOR OF TRANSACTION CONSTITUTE MORE THAN 89% OF CLASS V SHARES VOTED BY UNAFFILIATED CLASS V COMMON STOCKHOLDERS.DELL TECHNOLOGIES - DELL TECHNOLOGIES CLASS C SHARES EXPECTED TO BEGIN TRADING ON NEW YORK STOCK EXCHANGE ON DECEMBER 28.DELL TECHNOLOGIES INC - TRANSACTION ALSO WAS APPROVED BY HOLDERS OF DELL TECHNOLOGIES' OUTSTANDING CLASS A COMMON STOCK AND CLASS B COMMON STOCK.DELL - HOLDERS OF MORE THAN 61% OF CO'S CLASS V COMMON STOCK, EXCLUDING AFFILIATES OF CO & VOTING AS SEPARATE CLASS, VOTED IN FAVOR OF DEAL.  Full Article

Dell Technologies - Amendment to merger provides holders of Class C stock to have right to increase maximum of authorized directors to 21
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Dell Technologies Inc ::DELL TECHNOLOGIES - AMENDMENT TO MERGER PROVIDES HOLDERS OF CLASS C STOCK TO HAVE RIGHT TO INCREASE MAXIMUM OF AUTHORIZED DIRECTORS TO 21.DELL TECHNOLOGIES - ON NOV 14 CO & VMWARE ENTERED WAIVER AND FURTHER AGREED TO WAIVE PROVISIONS OF VMWARE LETTER - SEC FILING.DELL TECHNOLOGIES-NOMINATING & CORPORATE GOVERNANCE COMMITTEE EXPECTED TO INITIALLY BE COMPRISED OF MICHAEL DELL, EGON DURBAN & 1 INDEPENDENT DIRECTOR.DELL TECHNOLOGIES - GROUP IV DIRECTOR TO INITIALLY BE ELECTED AT 2ND ANNUAL MEETING OF STOCKHOLDERS OF COMPANY OCCURRING AFTER CLOSING.  Full Article

Dell Technologies announces significant enhancements to Class V transaction
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Dell Technologies Inc ::DELL TECHNOLOGIES ANNOUNCES SIGNIFICANT ENHANCEMENTS TO CLASS V TRANSACTION.DELL TECHNOLOGIES INC - FINAL PER SHARE OFFER OF $120 CASH, SUBJECT TO AN INCREASED AGGREGATE CASH CAP OF $14 BILLION.DELL TECHNOLOGIES INC - FINAL PER SHARE OFFER OF $120 CASH, SUBJECT TO AN INCREASED AGGREGATE CASH CAP OF $14 BILLION, OR 1.5043-1.8130 CLASS C SHARES.DELL TECHNOLOGIES INC - INCREASES AGGREGATE IMPLIED VALUE TO CLASS V STOCKHOLDERS BY APPROXIMATELY $2.2 BILLION.DELL TECHNOLOGIES INC - UP TO 59% OF TOTAL CONSIDERATION WILL BE PAYABLE IN CASH.DELL TECHNOLOGIES INC - $120 IMPLIED VALUE PER SHARE IMPLIES A TOTAL MARKET CAPITALIZATION OF $23.9 BILLION FOR CLASS V COMMON STOCK.DELL TECHNOLOGIES INC - DELL TECHNOLOGIES EXPECTS TO FUND INCREASE IN MAXIMUM AGGREGATE CASH CONSIDERATION WITH UP TO $5 BILLION OF DEBT FINANCING.DELL TECHNOLOGIES - IMMEDIATELY FOLLOWING COMPLETION OF PROPOSED TRANSACTION, CLASS V STOCKHOLDERS WILL OWN APPROXIMATELY 17%-33% OF DELL TECHNOLOGIES.DELL TECHNOLOGIES INC - BOARD WILL ALSO SELECT A FOURTH INDEPENDENT DIRECTOR TO BE APPOINTED TO BOARD BY JUNE 30, 2019.DELL TECHNOLOGIES - CLASS V STOCKHOLDERS CAN ELECT TO GET FOR EACH SHARE OF CLASS V COMMON STOCK EITHER $120, IN CASH, SUBJECT TO AGGREGATE $14 BILLION CAP.DELL TECHNOLOGIES INC - EXPECTS TO FUND INCREASE IN MAXIMUM AGGREGATE CASH CONSIDERATION WITH UP TO $5 BILLION OF DEBT FINANCING.  Full Article

Carl Icahn's Statement In Response To Press Inquiries Of Dell Transaction Rumors
Thursday, 15 Nov 2018 

Nov 14 (Reuters) - Carl C. Icahn::CARL C. ICAHN ISSUES STATEMENT IN RESPONSE TO PRESS INQUIRIES REGARDING DELL TRANSACTION RUMORS.CARL C. ICAHN SAYS AT A MINIMUM, CLASS C SHAREHOLDERS OF DELL TECHNOLOGIES MUST HAVE THE RIGHT TO ELECT AT LEAST 3 INDEPENDENT DIRECTORS.CARL C. ICAHN SAYS WITHOUT ITS PROPOSED CORPORATE GOVERNANCE FOR DELL, BELIEVE "RUMORED OFFER WILL BE WORTH FAR LESS THAN ITS HEADLINE PRICE".CARL ICAHN - IF DELL GETS HIGHER PRICED DEAL FOR DVMT SHARES APPROVED, OUR UNDERSTANDING IS DVMT SHAREHOLDERS WILL OWN OVER 20% OF DELL’S STOCK.CARL C. ICAHN SAYS "IT IS IMPERATIVE THAT DVMT SHAREHOLDERS ARE GIVEN BASIC CORPORATE GOVERNANCE RIGHTS AS CLASS C SHAREHOLDERS".  Full Article

Dell Discusses Sweetening Tracking-Stock Offer With Large Shareholders - WSJ
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - :DELL DISCUSSES SWEETENING TRACKING-STOCK OFFER WITH LARGE SHAREHOLDERS - WSJ, CITING SOURCES.DELL REACHED OUT TO HANDFUL OF LARGE HOLDERS OF SHARES IN DELL TECHNOLOGIES INC CLASS V TO DISCUSS WHAT THEY WOULD NEED IN A RECUT DEAL- WSJ.  Full Article

Golf-Kisner, Kuchar to meet in all-American Match Play final

March 31 Kevin Kisner and Matt Kuchar will meet in an all-American final at the WGC-Dell Technologies Match Play after dispatching their respective opponents in close Sunday morning semi-finals in Texas on Sunday.