Dell Shareholders Approve Michael Dell, Silver Lake $24.9 Billion Buyout To Turn Private

Posted on Sep 12 2013 - 11:16pm by Editorial Staff

Dell

After a long tictactoe game over who will take the Dell private, company’s shareholders today finally approved Michael Dell and Silver Lake’s $24.9 billion buyout plan to turn the company into private. The agreement means that the company’s shareholders will receive $13.75 per share with an additional cash dividend of $0.13 per share while the total deal transaction valued at $24.9 billion.

Here is what Michael Dell said about the agreement:

I am pleased with this outcome and am energized to continue building Dell into the industry’s leading provider of scalable, end-to-end technology solutions. As a private enterprise, with a strong private-equity partner, we’ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.

I would like to thank our 110,000 team members around the world who, throughout this process, have remained focused on serving our customers with unity, purpose and pride. As our company continues to expand its enterprise solutions and services business, our team members will be Dell’s most valuable asset and the key to our future success.

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