Subscribe Register Login

Monday, September 01, 2014, 8:47 a.m.
Top Picks - Capture Arkansas

Dell in $24.4 billion founder-led deal to go private

By The Associated Press

This article was published February 5, 2013 at 9:35 a.m.

— Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the recent recession dried up the financing for such risky maneuvers.

The complex agreement announced Tuesday will allow Dell Inc.’s management, including founder Michael Dell, to attempt a company turnaround away from the glare and financial pressures of Wall Street.

Dell stockholders will be paid $13.65 per share to leave the company on its own. That’s 25 percent more than the $10.88 the stock was going for before word of the buyout talks trickled out last month, but a steep markdown from the shares’ price of $26 less than five years ago.

Comments on: Dell in $24.4 billion founder-led deal to go private

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Therapists

    . School-based/outpatient program is seeking client- centere...
    LITTLE ROCK, AR

  • Financialcoordinator

    Financial CoordinatorWant to work for an exciting, growing d...
    LITTLE ROCK, AR

  • Drivers

    Local Runshome daily!$1500 Sign On Bonus• Work a 5 Day Week ...
    FAYETTEVILLE, AR

  • Financial assistant

    Arkansas Health Group APRN or PA Baptist Health On-Site - 8a...
    Little Rock, AR

  • Full time sales person

    pine bluff and hot springs areas need one fulltime sales per...
    Pine Bluff, AR

Search 915 jobs >

Top Picks - Capture Arkansas
Arkansas Online