Dell is still in a tizzy over what to do about VMWare.
The outfit has ruled out flogging the outfit off and has set up a special committee has been set up to analyse the possible options on the table is a float on the New York Stock Exchange or to fold it into the greater Dell EMC empire.
In a filing made to the US Securities and Exchange Commission, the company explained it might merge with VMware or IPO, depending on what a “special committee” formed to help it analyse all options comes up with after looking into all avenues.
“Dell continues to evaluate potential business opportunities, including a potential public offering of shares of DHI Common Stock of Dell, a potential business combination between Dell and VMware, and a potential conversion of shares of Class V Common Stock of Dell into shares of DHI Common Stock of Dell”, the company said.
“Dell is also considering maintaining the status quo. The potential business opportunities currently being evaluated by Dell do not include the sale to a third party of Dell or VMware.”
The committee has the power to represent shareholders, although if a business opportunity offers the possibility of shares being modified, converted or exchanged, permission from shareholders must be obtained.
“Dell has not determined which, if any, potential business opportunity to pursue and there can be no assurance that any potential business opportunity will be pursued, the terms thereof, or whether, if pursued, any such business opportunity would be consummated”, the filing said.
