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Tag: Spinoff

IBM Board OKs Kyndryl Spinoff, Details Share Distribution PlanNews

IBM Board OKs Kyndryl Spinoff, Details Share Distribution Plan

The board of directors of IBM (NYSE: IBM) has approved the planned separation of its managed infrastructure services business to
Raghu Raghuram to Become VMware CEO in JuneExecutive Moves

Raghu Raghuram to Become VMware CEO in June

Raghu Raghuram, who has been with VMware (NYSE: VMW) since 2003, has been elected by the board of directors to
Report: Michael Dell, Silver Lake Partners to Keep Majority Stake in VMware After SpinoffM&A Activity

Report: Michael Dell, Silver Lake Partners to Keep Majority Stake in VMware After Spinoff

Michael Dell, chairman and CEO of Dell Technologies (NYSE: DELL), and private equity partner Silver Lake Partners will own approximately
Dell Technologies to Spin Off Majority Stake in VMware; Michael Dell QuotedM&A Activity

Dell Technologies to Spin Off Majority Stake in VMware; Michael Dell Quoted

Dell Technologies (NYSE: DELL) plans to spin off its 81 percent ownership of VMware (NYSE: VMW) as part of efforts
IBM’s Managed Infrastructure Services Spinoff to Operate as ‘Kyndryl’News

IBM’s Managed Infrastructure Services Spinoff to Operate as ‘Kyndryl’

An independent company that will be formed once IBM (NYSE: IBM) spins off its managed infrastructure services business by the
Martin Schroeter to Become CEO of IBM’s ‘NewCo’ SpinoutExecutive Moves

Martin Schroeter to Become CEO of IBM’s ‘NewCo’ Spinout

Martin Schroeter, former senior vice president for global markets at IBM (NYSE: IBM), has been named CEO of NewCo, an…
Arvind Krishna to Succeed Ginni Rometty as IBM ChairmanExecutive Moves

Arvind Krishna to Succeed Ginni Rometty as IBM Chairman

Arvind Krishna, CEO and a board member of IBM (NYSE: IBM), has been elected to serve as chairman of the…
IBM to Split Into Two Public Companies; Arvind Krishna QuotedNews

IBM to Split Into Two Public Companies; Arvind Krishna Quoted

IBM (NYSE: IBM) will spin off its managed infrastructure services unit into a public company in a move to focus…
Dell Technologies Eyes Spinoff of Majority Stake in VMware; Michael Dell QuotedM&A Activity

Dell Technologies Eyes Spinoff of Majority Stake in VMware; Michael Dell Quoted

Dell Technologies (NYSE: DELL) has announced that it is considering spinning off about 81 percent of its equity ownership interest…
UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes QuotedM&A Activity

UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the…