Tuesday, October 29th 2013

Dell Completes Go-Private Transaction

Dell today announced the completion of its acquisition by Michael Dell, Dell's Founder, Chairman and CEO, and Silver Lake Partners, a leading global technology investment firm.

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.

"Today, Dell enters an exciting new chapter as a private enterprise," said Mr. Dell. "Our 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit."
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2 Comments on Dell Completes Go-Private Transaction

#1
1c3d0g
Well...

Hopefully some good can come out of this.
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#2
DannibusX
Cool, not needing to please shareholders means they can work for profitablity and not maximum profitablity.

Hopefully this translates to higher quality hardware and standards.
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