VMware Announces One-Time Special Dividend to Stockholders

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VMware (VMW) PT Raised to $175 at BMO Capital

July 3, 2018 7:10 AM EDT

BMO Capital raised its price target on VMware (NYSE: VMW) to $175.00 (from $155.00) while maintaining a Outperform rating.

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VMware (VMW) PT Raised to $190 at Deutsche Bank; See More Multiple Expansion Following Dell News

July 3, 2018 6:59 AM EDT

Deutsche Bank raised its price target on VMware (NYSE: VMW) to $190.00 (from $185.00) while maintaining a Buy rating after Dell finalized its strategic review and elected against a reverse merger with VMware.

"Even at the current FY19e FCF multiple of 17x (unadjusted... More

VMware (VMW) PT Raised to $172 at RBC Capital; Reverse Merger Overhang Removed

July 3, 2018 6:40 AM EDT

RBC Capital raised its price target on VMware (NYSE: VMW) to $172.00 (from $160.00) while maintaining an Outperform rating after Dell concluded its strategic review with no reverse merger.

"While both bears and bulls have items to discuss, we believe the move... More

VMware (VMW) Reports One-Time $11B Special Dividend in Connection with Dell Technologies (DVMT) Transaction; Affirms Q2 & F19 Guidance

July 2, 2018 6:13 AM EDT

The Board of Directors of VMware Inc. (NYSE: VMW) (the Company), a leading innovator in enterprise software, is pleased to announce an $11 billion one-time special dividend pro-rata to all VMware stockholders. The one-time special dividend is payable in connection with the closing of the transaction announced today by Dell Technologies () and subject to certain conditions, as described in the schedule attached below Special Dividend Record Date and Conditions to Payment.

Dell announced today that it has concluded its evaluation of strategic alternatives and reached an agreement with its independent directors to offer a new... More