Dell Turns Private Under Founder Michael Dell And Silver Lake Partners

Posted on Oct 30 2013 - 12:01am by Editorial Staff

Dell

After a long tiff and tuff, Dell today officially turned private under founder Michael Dell and Silver Lake Partners. The company announced the completion of its acquisition by Michael Dell and Silver Lake Partners.  The transaction was approved by company’s stockholders at a special meeting of stockholders held on Sept. 12, 2013.

The terms of the merger agreement is that the company’s shareholders 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. On counting over the total, it comes at $13.88 per share in share while the total transaction is valued at approximately $24.9 billion.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.