Tuesday, February 5, 2013

Dell Goes Private For $24B

The go-private deal for Dell has been finalized, according to the firm this morning, in a deal that is valued at approximately $24.4 billion. According to Dell, it is in a definitive merger agreement where Michael S. Dell, its founder and CEO, along with investment firm Silver Lake, will acquire Dell for $13.65 per share in cash. The two said the price is a premium of 25 percent over its closing price on January 11th, the first day rumors of the deal were disclosed in public.