DELL 2.0, GOING PUBLIC AGAIN D ell recently announced a $21.7 billion deal to exchange shares of a tracking stock with a new class of publicly listed Dell stock. ell created the tracking stock, Dell Technologies Class V, in 2016 as part of its merger with EMC, which gave it a con- trolling stake in the virtualization software maker VMWare. The Class V shares track the performance of Dell’s stake in VMWare.

With the share swap, public market investors will be able to trade stock that “reflects the full value of the Dell Technologies family of businesses,” rather than primarily VMWare, according to a company statement.

The move paves the way for Dell to resume trading on the public market, five years after going private in a high-profile gambit to overhaul the business.

Company chairman and CEO Michael Dell said in a statement Monday that he is “proud to lead this great company into its next chapter as we continue to evolve and grow to the benefit of our customers, partners, investors and team members.”

DEFINITION OF BEER IN CANADA COULD BE CHANGING A mendments to national beer standards are being considered by federal government that would widen the number of ingredients permitted in a pint and force brewers to list every ingredient on a can or bottle. The changes would mark the first major overhaul of Canadian beer standards which were introduced more than 30 years ago. Some craft brewers look for a new strategy in a crowded market and those in the industry say the proposals would help regulations catch up with expansion that has happened in the industry with brewers, styles and types of

beers now available in the industry. The Canadian Brewing industry has seen the number of breweries jump from 62 to 750, while the number of beer brands available has gone from about 400 to more than 7,000 since 1990. The government is proposing a two-year implementation period starting in 2019. Between then and 2029, the gov- ernment expects the new rules to cost the beer industry in Canada about $5.48 million. Statistics Canada reported in May that Canadians spent $9.1 billion on beer between April 2016 and March 2017 — about 40 per cent of all alcohol sales over that fiscal year.



Made with FlippingBook - Online catalogs