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Michael Dell forms new acquisition company


Dell Technologies Chairman and CEO Michael Dell is seeking to raise upward of US$575 million for his newly formed “blank check” acquisition company through an initial public offering.
“MSD Acquisition Corp. is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities,” said the company in a filing with the U.S. Securities and Exchange Commission. “Our acquisition and value creation strategy is to identify, acquire and after our initial business combination serve as a trusted, long-term partner to accelerate a company’s growth in the public markets.” ....

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