News from around the state of Texas

Dell Again Belongs to Michael Dell

Tuesday, Oct 29, 2013  |  Updated 12:13 PM CDT
View Comments (
)
|
Email
|
Print
Dell Again Belongs to Michael Dell

Getty Images

Michael Dell, at Oracle's OpenWorld Conference in 2010.

advertisement

Dude, you're getting a private company.

Michael Dell and investment firm Silver Lake Partners have completed their $24.9 billion buyout of Dell Inc.

The computer company said Tuesday that its shares will stop trading at the end of the day, closing its quarter-century run as a public company.

Company founder Michael Dell hopes to turn around the struggling business as a private company away from the prying eyes of Wall Street.

Critics said the deal undervalued the company but the transaction was approved by Dell shareholders in September.

Under the agreement, Dell stockholders are getting $13.75 in cash for each share of Dell common stock they hold. That is in addition to a special cash dividend of 13 cents per share for total consideration of $13.88 per share in cash.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out