Dell Sets Date for Distribution of VMware Stake to Holders

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Dell Sets Date for Distribution of VMware Stake to Holders

Dell Technologies on Tuesday said it expects to complete the long-pending spinoff of a controlling stake in VMware to Dell holders on Nov. 1, to holders of record on Oct. 29. The spin covers the entire 81% stake in VMware (ticker: VMW) held by Dell (DELL). Dell holders will receive about 0.44 VMware shares for each Dell share they own.