The specialized stock, which would "track" the value of the 20 percent of VMware that EMC does not own, along with the cash offer would take the per-share offer above $30, Re/code said, citing sources briefed on the negotiations. Chief Executive Michael Dell was in New York on Friday to meet with bank executives, including J.P. Morgan CEO Jamie Dimon, Re/code reported. Dell is asking banks to make a series of bridge loans that would later be converted into high-yield bonds, which in turn would be exchanged for equity in the combined company, Re/code reported.