Dell goes private in $24.4B deal
Photo credit: AP | Dell, maker of the XPS Ultrabook shown during the 2012 International Consumer Electronics Show, has received a letter from stockholder Carl Icahn proposing a leveraged recapitalization instead of a move to go private.
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Dell Inc., the world's third-biggest maker of personal computers, is going private in a deal valued at $24.4 billion, undertaking the biggest leveraged buyout since the financial crisis.
Chief Executive Officer Michael Dell and Silver Lake Management LLC will pay $13.65 a share, the companies said Tuesday in a statement. That's 25 percent more than the closing price of $10.88 on Jan. 11, the...
