Michael Dell, Silver Lake Wrap Up $25B Buyout of Dell

Dell logo_GovConWireMichael Dell and global technology investment firm Silver Lake Partners have completed their $24.9 billion acquisition of the company he founded and have started the processing of delisting the company from the NASDAQ stock market.

Trading of Dell‘s (NASDAQ: DELL) common stock will cease Tuesday afternoon, more than one month after the company’s shareholders approved the buyout plan, Dell said Tuesday.

“Today, Dell enters an exciting new chapter as a private enterprise. Our 110, 000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit, ” Dell said.

Dell stockholders as of Monday’s close of business will receive a cash dividend of $13.88 per share, which includes a base $13.75 per payment plus a special dividend of 13 cents per share.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.