Michael Dell’s $24.9 billion deal to take the company he founded private has closed, Dell announced Tuesday. It’s the final public chapter in the CEO’s drawn-out battle to buy the company and rebuild it away from the scrutiny of investors. Some of Dell’s board and major stockholders including investor Carl Icahn had argued against the deal, claiming that Dell shareholders would get the short end of the stick, and that Dell would not be able to help the company grow any better as a private entity.
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Dell's Private Battle
Posted by: Rachelle Dragani October 30, 2013 05:00 AMMichael Dell’s $24.9 billion deal to take the company he founded private has closed, Dell announced Tuesday. It’s the final public chapter in the CEO’s drawn-out battle to buy the company and rebuild it away from the scrutiny of investors. Some of Dell’s board and major stockholders including investor Carl Icahn had argued against the deal, claiming that Dell shareholders would get the short end of the stick, and that Dell would not be able to help the company grow any better as a private entity.