Deals
Dell Taken Private as PC Slump Hastens $24 Billion Buyout
This article is for subscribers only.
Dell Inc. is going private in a $24.4 billion leveraged buyout that signals the waning of the personal-computer industry it once dominated.
In the largest LBO since the financial crisis, Chief Executive Officer Michael Dell and Silver Lake Management LLC are paying $13.65 a share, the companies said yesterday in a statement. That’s 25 percent more than the closing price of $10.88 on Jan. 11, the last trading day before Bloomberg News reported the discussions.