Sounds like a good idea. I'm buying me some Dell when this goes public.
Each share of Dell Technologies Class V stock will be converted into about 1.37 shares of Class C common stock, Dell Technologies said. The implied value of the Class V shares is $109 a share* The deal isn't a done thing. Shareholders could reject it. (Why would they? Beats me. They can take the premium and turn around and buy ordinary VMW shares, right?)
* The deal is anticipated to close in Q4. It may take longer, and end of Q4 is six months out anyway. 109/92 is an 18.5% premium. If you can generate more than 18.5% on cash over six months, or over the longer period of time you anticipate the deal taking to close, there's no reason to buy DVMT.
That said, 18.5% in six months is a pretty fantastic 37% annualized return, so the market much be pretty skeptical about the timeframe, chances of the deal closing, or both.
Obligatory disclaimer: I'm a Dell employee (software engineer). I don't own any shares of DVMT or VMW (aside from any fractional ownership via broad-market index funds).
Stranger things have happened so the deal may go through.
I bought more DVMT yesterday to tender it for $109.