Visitors walks around the Dell stand at the world’s biggest high-tech fair, the CeBIT on March 4, 2010 in the northern German city of Hanover. Some 4,157 companies from 68 countries are displaying their latest gadgets at the fair taking place from March 2 to 6, 2010. AFP PHOTO DDP/ NIGEL TREBLIN GERMANY OUT (Photo […]
Credit: NIGEL TREBLIN
It’s been an awfully long-winded affair, but Michael Dell and technology investment firm Silver Lake Partners have finally persuaded stockholders to approve its proposal to take Dell private.
As part of the agreed package, Dell stockholders will receive £13.75 in cash per share, plus an additional cash dividend of $0.13 per share. The total transaction is now valued at roughly $24.9 billion.
Michael Dell has faced counteroffers from activist investor Carl Icahn and Blackstone in the last six months or so. The final amount is higher than the original $24.4 billion bid submitted back in February, but we don’t think Michael Dell will mind. At last, Dell is going private.
➤ Dell (press release)
Image Credit: NIGEL TREBLIN/AFP/Getty Images
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