“Today, Dell enters an exciting new chapter as a private enterprise,” said Michael Dell. “Our 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit.”
The deal, which is valued at about $24.9 billion, will give Dell shareholders a total of $13.88 per share ($13.75 in cash for each share they own, and a cash dividend of 13 cents per share).
The deal was originally approved September 12 at a Dell shareholders meeting. The approval gives Michael Dell and Silver Lake Partners approximately 75 percent of the company.
Dell completes transition to going private
Posted on Wednesday, October 30 2013 @ 16:16 CET by Thomas De Maesschalck