November 15, 2018 / 12:13 PM / a month ago

REFILE-Dell sweetens VMWare tracking stock offer to $120 per share

(Corrects spelling to “buy” in second paragraph)

Nov 15 (Reuters) - Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in VMWare to $120 per share from its previous offer of $109.

Activist investor Carl Icahn has opposed the company’s plan to buy back the tracking stock, saying the previous offer shortchanged shareholders. (Reporting by Vibhuti Sharma in Bengaluru Editing by Saumyadeb Chakrabarty)

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