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Moody's Investors Service ("Moody's") affirmed Dell Inc.'s Ba1 Corporate Family Rating (CFR) and Ba1-PD Probability of Default Rating following the announcement that VMware, Inc. plans to acquire Pivotal Software, Inc. and Carbon Black, Inc. for $4.8 billion, including approximately $2.8 billion in net cash consideration. VMware plans to finance the cash portion of the purchase price from a combination of cash on hand and proceeds from short-term borrowings. As part of the rating action, Moody's also affirmed the debt ratings at Dell International LLC and EMC Corporation.
Statistically speaking, long term investing is a profitable endeavour. But that doesn't mean long term investors can...
Moody's Investors Service ("Moody's") assigned a Baa3 rating to the proposed senior secured notes offering co-issued by Dell International LLC (a debt issuing subsidiary of Dell Inc.) and EMC Corporation ("EMC"). All other ratings of Dell Inc. ("Dell"), Dell International LLC, and EMC remain unchanged.
Editor’s note: Below, you’ll find the second installment of Louis Navellier’s series on how he discovered one of the world’s most powerful short-term trading strategies. In yesterday’s essay, I explained how my growth stock evaluation system works. Companies with world-class earnings growth, superior profit margins and huge revenue growth receive “A” grades.
Editor’s note: In a series of three articles, legendary investor Louis Navellier is revealing how he developed one of the greatest short-term money making systems on Earth. Ever since The New York Times called me “an icon among growth investors,” most folks think of me as a growth stock guy.
Moody's Investors Service said that based on the terms of Dell Technologies, Inc's ("Dell") revised offer to buy out its class V common stock, we do not expect the transaction to affect the credit ratings of Dell Inc. and its subsidiaries, including the Ba1 corporate family rating, the Baa3 senior secured rating and the Ba2 senior unsecured rating, or the stable outlook. Dell Technologies, the parent of Dell Inc., said today that it plans to issue $5 billion in debt to help fund its previously announced plans to buy out its Class V common stock, a tracking stock for Dell subsidiary VMware, Inc. ("VMWare") (Baa2 stable). Under the transaction announced in July, Dell is offering to swap the VMware tracking stock for Dell's Class C common stock or cash.