Dell Completes Go-Private Transaction
Round Rock, Texas
Dell today announced the completion of its acquisition by Michael Dell, Dellís 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 Dellís stockholders at a special meeting of stockholders held on Sept. 12, 2013. Trading in Dellís 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.
ďToday, Dell enters an exciting new chapter as a private enterprise,Ē said Mr. Dell. ďOur 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit.Ē
Dell Inc. listens to customers and delivers worldwide innovative technology, business solutions and services that give them the power to do more. For more information, visit www.dell.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.