World's No. 3 PC maker Dell to go private in $30.2 billion deal
Published on Feb 5, 2013 11:06 PM
NEW YORK (REUTERS) - Computer maker Dell will go private in a US$24.4 billion (S$30.2 billion) deal that also involves Microsoft and private equity firm Silver Lake, the parties said on Tuesday.
Company founder Michael Dell and Silver Lake are paying US$13.65 per share in cash for the world's No. 3 computer maker.
The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell's investment firm MSD Capital, a US$2 billion loan from Microsoft and debt financing from four banks.
The transaction is expected to close before the end of the second quarter of Dell's fiscal 2014.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here