Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell’s debt, expecting to close the deal in Q4; Dell stock up 8%+ (Natalie Gagliordi/ZDNet)

Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell’s debt, anticipating to shut the deal in This fall; Dell top off 8%+ — Dell sees the spin-off as a strategy to give every firm extra strategic flexibility and enhance capital construction efficiencies …