Dell completes buy-out, lists shares on NYSE

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(Telecompaper) To relist its shares, Dell, staged a USD 24 billion cash-and-equity deal, buying stock back from shareholders. The shares closed on their first day at USD 45.413 per unit, giving the company a market capitalisation of close to USD 35 billion, the Wall Street Journal reported. Dell said 91.2 percent of the shares outstanding elected to receive cash, with the remaining shares choosing stock in the newly public company.
Source: Industry News (syndicated from Telecompaper.com)

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