Subscribe Register Login

Monday, September 22, 2014, 1:39 a.m.
Top Picks - Arkansas Daily Deal

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

  • Rn, reception,schedu

    Local Medical clinic is looking to hire RN, Receptionist, sc...
    LITTLE ROCK, AR

  • Dietary aides

    brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

  • Home inspector

    home inspectorinspection Company seeks an Individual in the ...
    BENTON, AR

  • Direct care positi

    timber ridgeons Benton, ARProvide support to individuals, in...
    BENTON, AR

  • Parts manager

    parts manager Trailer leasing company needs well organized i...
    ROGERS, AR

Search 1149 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online