A Monday morning announcement from Round Rock-based Dell Technologies, Inc. said the company’s stock will once again be listed on the New York Stock Exchange after it purchases the stock of one of its subsidiaries.

Dell Founder and CEO Michael Dell took the company private in 2013.

The company released information at 5:03 a.m. that said it will buy the publicly traded DVMT which tracks the performance of subsidiary VMware, which was part of Dell’s acquisition of EMC for $64 billion in 2016.

The move will convert shares of Dell’s class V common stock at an exchange ratio of 1.3665 shares of class C common stock. Alternatively, class V shareholders can elect to receive $109 per share in cash in an aggregate amount not to exceed $9 billion. The implied value represents a premium of 29 percent to the class V common stock price as shares of DVMT closed at $84.58 on Friday.

Dell holds 81 percent of the economic interest and a 97 percent voting interest in VMware and a class V common stock was created to track a portion of the interest.

Following completion of the transaction, the class C common stock will be listed on the NYSE.

The move comes after a 5-month financial evaluation with the help of independent financial and legal advisors, according to Dell. The special committee included David Dorman, former chairman and CEO of AT&T and founding partner of Centerview Capital Technology, and William Green, former chairman and CEO of Accenture plc.

Dell Technologies became the world’s largest privately held technology company, which has EMC II, VMware, Pivotal, SecureWorks, RSA and Virtustream in one company. It employs 138,000 worldwide, including 12,000 at its Round Rock campus.