Wellington Management Company LLP's decision last month to speak out against drug maker Bristol-Myers Squibb Co's proposed $74 billion acquisition of Celgene Corp, calling what would be the largest-ever pharmaceutical takeover too risky and expensive, sent ripples across the investment world. This is because these tactics have typically been the...
Jim Cramer talks with Dell CEO Michael Dell about move the company is making since making its return to public markets in late December.
President Donald Trump's real estate career in Manhattan decades ago, the two companies said on Thursday. Developer TF Cornerstone and MSD Partners, which manages the assets of Dell Technologies founder Michael Dell and his family, said they would develop 2 million square feet of office and retail space and a new luxury Grand Hyatt Hotel.
Feb 7- Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a...
"The 1 percent must pay their fair share," U.S. Rep. Ilhan Abdullahi Omar tells Yahoo.
NEW YORK, Jan 23- Ken Griffin, the billionaire founder of hedge fund Citadel, has paid $238 million for a penthouse condominium overlooking Manhattan's Central Park, a spokesman for Griffin said on Wednesday, in a deal that sets a record for a U.S. home sale. Griffin has closed on the unit in the 79- story residential tower, which is under construction for an estimated...
After spending five years as a private company, Dell Technologies is back in the hands of the public, and CEO Michael Dell says he's "very much ready to be so." He claims the tech giant is in "a very good spot" and investing at a rapid pace.
Michael Dell, CEO and chairman of Dell Technologies, joins "Squawk Box" in Davos to discuss the transition to going public again as well as the future of the technology industry and Dell's relationship with China.
*Another choppy session to end wild trading week. Dec 28- The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide. Its just maybe nervousness... with another short week coming up, "said Bucky Hellwig, senior...
*Wall St set to snap three straight weeks of losses. The week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. The primary driver of todays action continues to be this idea that markets were oversold, said Michael Arone, chief investment strategist at State Street Global Advisors in...
*Wall St set to snap three straight weeks of losses. The week started off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000- plus point surge on Wednesday and a stunning reversal late on Thursday that ensured two days of gains. "We're seeing some big moves today, and I expect the wild ride to continue, like the...
CNBC's 'Squawk on the Street' team discuss Dell shareholders approving the share buyout of DVMT which could lead to Dell becoming a public company once again.
Nov 15- Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash. In July, the computer maker offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning...
CNBC's 'Squawk Box' team discuses the latest the fight between Carl Ichan and Micheal Dell over tracking stock VMware.
Nov 13- Dell Technologies Inc is working with investment banks to add more cash to a $21.7 billion offer to buy back a "tracking stock" tied to its software company VMware Inc following investor opposition, people familiar with the matter said on Tuesday. The move comes after several investors in the tracking stock, including billionaire Carl Icahn, said they...
Nov 1- Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock. Dell said in July it would pay $21.7 billion in cash and stock to buy...
Nov 1- Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock. The investor also turned legal arguments against Dell in the past,...
Oct 25- Cash-strapped Chinese conglomerate HNA Group has put up for sale its luxurious $300- million- plus Boeing 787 corporate "Dream Jet" with registration "2- DEER", say six aviation industry sources familiar with the matter. The 40- seat jet, used for charters as well as by top HNA officials, recently carried Cambodian president Hun Sen to the U.N. General...
Amid widespread opposition to the plan for buying the tracking stock, Michael Dell and Silver Lake Partners are looking at alternatives including raising the price or dropping the plan altogether.
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