I
Recovery comes at a price, and for Dell Inc. that price is $24.4 billion to finance a buyback and take the company private. The struggling computer manufacturer believes it can make a recovery but thinks in order to do so its operations and business decisions need to be free of the scrutiny of shareholders. With help from equity firm Silver Lake Partners, company founder and CEO Michael Dell will finance the $24.4 billion buyout to take the company private.
Shareholders will get a per-share price of $13.65, which includes a 25 percent premium over last month’s average trading price, the Wall Street Journal reports.
No comments:
Post a Comment