Thursday, July 31, 2014
Search
  
Tuesday, October 29, 2013
 Dell Completes Go-Private Transaction
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: Dell today announced the completion of its acquisition by Michael Dell, Dell?s Founder, Chairman and CEO, and investment firm Silver Lake Partners.

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."

Opposition was led by billionaire investor Carl Icahn, who claimed the plan undervalued the former number one computer maker.


 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .