Dell has announced that it has reached an agreement with its Special Committee of independent directors to exchange the outstanding Class V tracking stock for Class C common stock of Dell Technologies or an optional cash election. Dell Technologies Class C common stock will become publicly listed on the New York Stock Exchange.
BlackBerry
BlackBerry today reported financial results for the three months ended May 31, 2018. BlackBerry's results were better than analysts were expecting, but a double-digit revenue decline and a worsening GAAP net income appears to be driving down the stock. Another factor would be that guidance for the full year calls for a slowdown in software and services growth compared to the first quarter.
BlackBerry
BlackBerry will hold its Annual Meeting of Shareholders on Wednesday, June 20, 2018 at 10 a.m. ET in Waterloo, Ontario. There will be a live audio webcast that can be accessed by registering here. It can also be accessed by dialing 1-877-385-4099 and entering Access code 7797528#.
Xiaomi filed today to go public in Hong Kong in what is expected to be the world’s biggest initial public offering since Alibaba’s $25 billion market debut in 2014. It’s the first major company to announce plans to go public in Hong Kong after its stock exchange pushed through new rules to lure tech firms.
US cable operator Comcast has made a formal £22bn bid for Sky, the owner of Sky News, in a move likely to stoke a bidding war for the company. Comcast followed through on interest it registered back in February with an offer of £12.50 per share on Wednesday morning.
Carbon Black is looking to go public this year, according to a filing with the Securities and Exchange Commission on Monday. The Waltham, Mass.-based cybersecurity company said it hopes to raise up to $100 million in an initial public offering, but that amount is usually a placeholder and is revised in future filings.
LG
LG today announced its preliminary earnings results for the first quarter of 2018.  The company reported tentative consolidated revenues for the first quarter of 2018 at KRW 15.1 trillion with an operating profit of KRW 1.1 trillion, marking the highest first quarter revenues and operating profit in the history of the company.
BlackBerry
BlackBerry announced today that it has filed its 2018 annual report on Form 40-F with the U.S. Securities and Exchange Commission (“SEC”). BlackBerry’s Form 40-F includes the company’s 2018 annual information form (“AIF”) and the management discussion and analysis (“MD&A”) and audited financial statements of the company for the fiscal year ended February 28, 2018.