Dell going private for $13.64 per share

Posted on: February 8th, 2013 by Steve Larson

Stocks and sharesDell has announced a private buyout deal valued at approximately $24.4 billion, which will be the biggest leverage buyout since the financial meltdown.  Michael Dell, along with Silver Lake Management LLC, will offer $13.65 per share — a 25% premium to Dell’s trading price before rumors of the deal surfaced on January 11, but below the 52 week high of $18.32 per share.  Microsoft Corporation will contribute $2 billion to the deal in an effort to support “the long-term success of the entire PC ecosystem.”