Michael Dell’s attempt to take his company private in a $24.4 billion deal has moved forward another inch or so in what is turning out to be a very long road for the CEO. Dell notified its shareholders on Friday that the special committee formed in February, after Michael Dell first unveiled his buyout proposal, had concluded that his offer was the best option. The proposal entails Dell and investment firm Silver Lake Partners acquiring the company for $13.65 per share. Microsoft is also participating in the transaction, with a $2 billion loan.
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Michael Dell May Get What He Asked For
Posted by: Erika Morphy June 1, 2013 05:00 AMMichael Dell’s attempt to take his company private in a $24.4 billion deal has moved forward another inch or so in what is turning out to be a very long road for the CEO. Dell notified its shareholders on Friday that the special committee formed in February, after Michael Dell first unveiled his buyout proposal, had concluded that his offer was the best option. The proposal entails Dell and investment firm Silver Lake Partners acquiring the company for $13.65 per share. Microsoft is also participating in the transaction, with a $2 billion loan.