Dell completes deal to go private, no change in product plans

A deal to buy out Dell was completed on Tuesday, officially taking the company private.

The company’s CEO Michael Dell and investment partner Silver Lake are buying the company for $24.9 billion. The company’s shareholders will get $13.88 per share as part of the deal, including a dividend of $0.13 per share.

With the deal complete, Dell can return to business as usual. The original buyout offer of $24.4 billion was proposed by Dell and Silver Lake in February, but was opposed by some shareholders including Carl Icahn, who made multiple counteroffers to take the company private. Ultimately Icahn backed off and shareholders voted in favor of the revised deal in September.

Michael Dell believed that taking the company private could remove the pressure of answering to shareholders, and give leaders more flexibility in decision making. The company has committed to retaining its product lines, including PCs and enterprise products.  More

 

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