Michael Dell http://www.globalpost.com/taxonomy/term/30301/all en UPDATE 6-Dell to go private in landmark $24.4 billion deal http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-dell-go-private-244-billion-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* 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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-dell-go-private-244-billion-deal" target="_blank">read more</a></p> Business Computer hardware Computing Dell Inc Economy of the United States Financial economics Investment Labor Law Michael Dell Primary dealers Technology Thomson Reuters Tue, 05 Feb 2013 15:00:17 +0000 Thomson Reuters 5746449 at http://www.globalpost.com Dell unveils private equity buyout worth $24.4 bn http://www.globalpost.com/dispatch/news/afp/130205/dell-unveils-private-equity-buyout-worth-244-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/dell-unveils-private-equity-buyout-worth-244-bn" target="_blank">read more</a></p> Business Computer hardware Computing Dell Michael Dell AFP Tue, 05 Feb 2013 15:01:33 +0000 Agence France-Presse 5746465 at http://www.globalpost.com Michael Dell plays ''free agent'' as forces bear on PC maker http://www.globalpost.com/dispatch/news/thomson-reuters/130325/michael-dell-concerned-blackstone-buyout-offer-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Poornima Gupta and Soyoung Kim</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130325/michael-dell-concerned-blackstone-buyout-offer-sources" target="_blank">read more</a></p> Blackstone Group Business Computing Financial economics Human Interest Investment Michael Dell Thomson Reuters Mon, 25 Mar 2013 22:31:10 +0000 Thomson Reuters 5793698 at http://www.globalpost.com Dell says Blackstone has withdrawn buyout bid http://www.globalpost.com/dispatch/news/afp/130419/dell-says-blackstone-has-withdrawn-buyout-bid-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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. </p> <p>The withdrawal leaves investor Carl Icahn as the sole alternative bidder to a consortium led by company founder Michael Dell.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130419/dell-says-blackstone-has-withdrawn-buyout-bid-1" target="_blank">read more</a></p> Business Computing Dell Economy of the United States Human Interest Michael Dell AFP Fri, 19 Apr 2013 12:31:26 +0000 Agence France-Presse 5820186 at http://www.globalpost.com Business Highlights http://www.globalpost.com/dispatch/news/the-canadian-press/130705/business-highlights <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>___</p> <p>US economy adds 195,000 jobs; unemployment 7.6 per cent</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130705/business-highlights" target="_blank">read more</a></p> Associated Press Business Disaster Environment Health Hospitality Labor Law Michael Dell Politics Social Issues The Canadian Press Sat, 06 Jul 2013 01:36:02 +0000 The Canadian Press 5876912 at http://www.globalpost.com Dell shareholders approve $24.8 billion buyout offer from founder Michael Dell http://www.globalpost.com/dispatch/news/the-canadian-press/130912/dell-says-shareholders-approve-248-billion-buyout-offer-foun <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130912/dell-says-shareholders-approve-248-billion-buyout-offer-foun" target="_blank">read more</a></p> Business Computing Economy of the United States Michael Dell The Canadian Press Thu, 12 Sep 2013 14:47:07 +0000 The Canadian Press 5932258 at http://www.globalpost.com