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DELL Dell Inc. (MM)

13.86
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Dell Inc. (MM) NASDAQ:DELL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.86 42.50 50.00 0 01:00:00

Dell Completes Go-Private Transaction

29/10/2013 3:15pm

Business Wire


Dell (NASDAQ:DELL)
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Dell today announced the completion of its acquisition by Michael Dell, Dell’s Founder, Chairman and CEO, and Silver Lake Partners, a leading global technology investment firm.

Under the terms of the merger agreement, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of the close of business on Oct. 28, 2013, for total consideration of $13.88 per share in cash. The total transaction is valued at approximately $24.9 billion.

The transaction was approved by Dell’s stockholders at a special meeting of stockholders held on Sept. 12, 2013. Trading in Dell’s common stock will conclude at the end of business today, and the company has commenced the process to delist its common shares from the NASDAQ Stock Market.

“Today, Dell enters an exciting new chapter as a private enterprise,” said Mr. Dell. “Our 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit.”

About Dell

Dell Inc. listens to customers and delivers worldwide innovative technology, business solutions and services that give them the power to do more. For more information, visit www.dell.com.

DellMedia Contacts: 512-728-4100David Frink, 512-728-2678david_frink@Dell.comorMarc Bien, 512-728-0910marc_bien@dell.comorInvestor Relations Contacts:David Mehok, 512-728-4225david_mehok@Dell.comorKarina Franco, 512-728-5224karina_franco@dell.com

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