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Dell To List On NY Exchange

Dell Technologies has applied to list its shares on the New York Stock Exchange as part of a plan to take the company public again through the buyout of a tracking stock.

If the listing is approved and Dell is able to complete a $21.7 billion deal involving the tracking shares known as DVMT, the company’s new Class C shares will trade under the symbol DELL, the company said in a regulatory filing.

Dell has been trying to convince shareholders of DVMT, the stock that tracks Dell’s stake in VMware, to accept $109 a share in cash and Dell Class C stock. If the deal is completed, Michael Dell and his affiliated stockholders including Silver Lake will be seeking to increase the board to as many as 20 directors from the current six.

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