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Dell to Dump Delaware for Texas - Austin Business Journal
The move would align Dell’s legal home with its Texas roots and would not change operations or employee locations, the company said.
- On Monday, the Dell Technologies Board of Directors unanimously approved changing the company's state of incorporation from Delaware to Texas, aligning its legal home with Round Rock operations.
- Since 2019, more than 250 companies have moved to Texas, citing the state's business-friendly approach and the 2024 Texas Business Court, which offers consistent legal frameworks for corporations.
- CEO Michael Dell stated Texas is where the company has "innovated, expanded, and invested for more than four decades," while Texas Gov. Greg Abbott said, "This is what happens when job creators and innovators are welcomed, not punished."
- Stockholders will vote on the proposed redomestication at the annual meeting on June 25, though the Board noted the change will not affect business operations, management, strategy, assets, or employee locations.
- Other major corporations, including Coinbase and ExxonMobil Corporation, have recently announced similar moves; Coinbase's Paul Grewal argued Delaware "no longer has a monopoly on corporate law" due to Texas competition.
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Dell Technologies to Ditch Delaware, Change Legal Home to Texas
The Dell Technologies board of directors on May 4 approved of changing the company’s state of incorporation from Delaware to Texas, which could make it the latest high-profile company to exit Delaware since a state judge canceled Elon Musk’s pay package in 2024. The decision, which must be approved by shareholders in June, will not affect business operations, management, strategy, assets, or employee locations, according to Dell. The tech giant,…
·New York, United States
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Dell looks to ditch Delaware, move its incorporation to Texas
·New Castle, United States
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Dell Leaves Delaware for Texas, $3 Trillion Quits State
Dell Technologies is the latest major corporation to leave Delaware as its legal home, announcing Monday that its board unanimously approved a plan to redomesticate in Texas, in what analysts describe as a growing corporate exodus from the state.
·Washington, United States
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Leaning Left0Leaning Right7Center7Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
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R 50%
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