Dell, one of the world’s largest makers of personal computers, on Wednesday announced the completion of its acquisition by Michael Dell, Dell’s founder, chairman and chief executive officer, and Silver Lake Partners, a leading global technology investment firm.
“Today, Dell enters an exciting new chapter as a private enterprise. Our 110 000 team members worldwide are 100% focused on our customers and aggressively executing our long-term strategy for their benefit,” said Mr. Dell.
Under the terms of the merger agreement, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of the close of business on Oct. 28, 2013, for total consideration of $13.88 per share in cash. The total transaction is valued at approximately $24.9 billion.
The transaction was approved by Dell’s stockholders at a special meeting of stockholders held on Sept. 12, 2013. Trading in Dell’s common stock will conclude at the end of business today, and the company has commenced the process to delist its common shares from the NASDAQ Stock Market.
Tags: Dell, Business
Comments currently: 3
Discussion started: 10/31/13 09:54:17 AM
Latest comment: 01/09/14 10:31:33 AM
Michael Dell could still pull off this turnaround - providing he goes Android and Linux and ditches Microcrap with its management's foibles.
10/31/13 09:54:17 AM]
I too hope to see Dull offer Linux but I cant see that happening considering MS played a part in the privatization
11/02/13 04:03:01 AM]
He made this action so he could lead the company into more innovation and take more risks. Shareholders probably didn't wanna take the risks needed for the innovation he wanted to make and were holding the company.
Silver Lake accepted his idea and decided to invest on it, expecting to buy Dell's shares for a lower price and see the company grow bigger and become more valuable. If it happens, I'd expect them to sell their part and make Dell a public company again.
Go Linux? Why'd Dell go against M$? That would make them lose benefits from M$ and probably Intel (ATM only Dell and HP have laptops with Core i5-4300U Haswell, according to http://us.hardware.info/p...e-i5-4300u-laptopstablets
). And what would Dell earn from that? Which home customer want a desktop or laptop with Lixux?
Home users want Win7.
01/09/14 10:31:33 AM]
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