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Why Dell Stock Soared Today

TheMotleyFool

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Shares of Dell (NYSE: DELL) have soared today, up by 14% as of 12:10 p.m. EDT, after the company announced yesterday evening that it was exploring the idea of selling its majority stake in virtualization specialist VMWare (NYSE: VMW). A potential divestiture could unlock massive value for Dell shareholders.

Rumors have been swirling in recent months that Dell has been examining what to do with its 81% stake in VMWare, with possible outcomes including a spinoff or buying the remaining 19% of the company. Dell is now exploring the former option while noting that it could choose to simply maintain its current ownership interest in VMWare.

Image source: Dell.

Source Fool.com

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