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Michael Dell, Silver Lake enter agreement to acquire Dell
2013-02-05 20:10:00| Telecompaper Headlines
(Telecompaper) Dell has signed a definitive agreement under which it will be fully acquired by Michael Dell, its founder, chairman and CEO, in partnership with global technology investment firm Silver Lake. Under the terms of the agreement, Dell stockholders will receive USD 13.65 in cash for each share of Dell common stock they hold. The transaction is valued at approximately USD 24.4 billion and is subject to other customary conditions, including receipt of required regulatory approvals and Dell stockholder approvals. The transaction includes a USD 2 billion loan from Microsoft. The operation is expected to close before the end of the second quarter of Dell's fiscal year 2014.
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