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  "docSlug": "27ad4a25cc09",
  "documentTitle": "Dell Technologies (Class V / DVMT tracking stock) (DVMT)",
  "authorId": "14_Icahn",
  "authorName": "Carl C. Icahn",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2018-11-15 00:00:00",
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  "nDataPoints": 42,
  "notes": "The slide uses a valuation bridge to expose a discrepancy in the deal terms.",
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      "text": "As shown below, we believe the Dell offer they claim is worth $109 is worth only $90 per share, a 42% discount to DVMT's intrinsic value!",
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      "text": "Value to DVMT for VMW Shares: $89.89",
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      "text": "As shown below, we believe the Dell offer they claim is worth $109 is worth only $90 per share, a 42% discount to DVMT's intrinsic value!",
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      "text": "(1) PVTL 50% excludes amount owned through VMware (VMware owns ~15% of PVTL). (2) Closing prices as of November 8, 2018.",
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      "text": "Dell Equity Value and Dell Subsidiaries breakdown tables",
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      "text": "Value to DVMT Shares bridge table",
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      "kind": "title",
      "text": "Transaction Proposal",
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