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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.

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