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Dell shareholders approve $24.8 billion buyout offer from founder Michael Dell

ROUND ROCK, Texas - Dell shareholders have approved a $24.8 billion offer from its founder to buy the company and take it private, ending the struggling computer maker's quarter-century history as a publicly held company. At the end of a shareholder meeting Thursday, Dell officials said that based on preliminary results, the proposal had enough votes in favour of it to pass. The company did not immediately announce the tally.

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___ US economy adds 195,000 jobs; unemployment 7.6 per cent WASHINGTON (AP) — U.S. employers are sending a message of confidence in the economy — hiring more workers, raising pay and making the job market appear strong enough for the Federal Reserve to slow its bond purchases as early as September.

Dell says Blackstone has withdrawn buyout bid

Dell announced Friday that the bidding consortium led by Blackstone Management Partners, initially interested in acquiring Dell, has decided not to make an offer after all. Dell released a letter from Boulder Acquisition Corp., a partner in the Blackstone-led consortium, withdrawing from the bidding process. The letter cited the weak personal computer market and Dell's deteriorating financial condition. The withdrawal leaves investor Carl Icahn as the sole alternative bidder to a consortium led by company founder Michael Dell.

Michael Dell plays ''free agent'' as forces bear on PC maker

By Poornima Gupta and Soyoung Kim SAN FRANCISCO/NEW YORK (Reuters) - Michael Dell likely couldn't have known when he proposed taking his company private last year that he would trigger a three-way contest between two private equity giants and one of Wall Street's most aggressive activist investors. The outcome of that battle now hinges on the billionaire Texan.

Dell unveils private equity buyout worth $24.4 bn

Dell on Tuesday unveiled a plan to take the former number one computer maker private in a buyout worth $24.4 billion led by company founder Michael Dell. "I believe this transaction will open an exciting new chapter for Dell, our customers and team members," Michael Dell said in unveiling the deal with investment firm Silver Lake, and backed by a $2 billion loan from Microsoft.

UPDATE 6-Dell to go private in landmark $24.4 billion deal

* Parties paying $13.65/share in cash * Microsoft putting up $2 billion loan * Dell shares rise 1.1 percent, still below offer price By Poornima Gupta and Nadia Damouni and Greg Roumeliotis SAN FRANCISCO/NEW YORK, Feb 5 (Reuters) - Michael Dell struck a deal to take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, partnering with the Silver Lake private equity firm and Microsoft Corp to try to turn around the struggling computer company without Wall Street scrutiny.
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