Tag Archives: Michael Dell

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

Michael 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 …

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Dell Shareholders OK $25B Buyout Offer From Founder, Silver Lake

Dell (NASDAQ: DELL) shareholders have given preliminary approval to a $24.9 billion buyout offer from founder and CEO Michael Dell and investment firm Silver Lake Partners that would take the computer manufacturer private. The sale is slated to close before the end of the third quarter of Dell’s fiscal year 2014 …

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Michael Dell, Silver Lake Raise Buyout Offer; Shareholder Vote Scheduled Aug 2

Michael Dell and investment firm Silver Lake Management have increased the value of their proposal to acquire Dell (NASDAQ: DELL) by 10 cents per share to $13.75 per share, or $24.6 billion, Bloomberg reported Wednesday. Callie Bost and Aaron Ricadela write the new offer represents a 26 percent premium over …

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Dell Enterprise Solutions Group Revenue Jumps 10%

Dell (NASDAQ: DELL) has announced financial results for the first quarter of its 2014 fiscal year, reporting 10 percent higher revenue in its enterprise solutions group from the prior year period. Revenue for the quarter $3.1 billion and operating income increased 71 percent from the previous year’s quarter to $136 …

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Dell, Carl Icahn Strike Ownership Limit Deal

Dell‘s (NASDAQ: DELL) board of directors and Carl Icahn have signed an agreement to limit the investor and affiliated entities from owning more than 10 percent of Dell. Icahn also agreed to not enter into agreements with other shareholders to own more than 15 percent of Dell’s shares between them, …

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Dell To Go Private In $24B Deal, Microsoft Providing $2B

Dell (NYSE: DELL) has agreed to be acquired by global technology investment firm Silver Lake and founder Michael Dell in a deal worth approximately $24.4 billion that will take the company private. The company said it expects the deal to close before the end of the second quarter of its …

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Report: Dell Nearing Buyout Deal, Microsoft Involved

Dell (NASDAQ: DELL) is nearing a deal for a buyout led by California-based private equity firm Silver Lake Management LLC, Bloomberg reports. Microsoft (NASDAQ: MSFT) could provide some funding and Michael Dell could contribute between $500 million and $1 billion of equity financing for the deal, the report said. Michael …

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Report: Dell Considering Private Equity Buyout

Dell (NASDAQ: DELL) has discussed a potential buyout of the company with private equity firms TPG Capital and Silver Lake, Bloomberg reports. According to the report, such a transaction would require more than $20 billion in equity and debt. Chairman and CEO Michael Dell told a New York City audience …

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Judy Lewent to Depart Dell Board of Directors

Dell board of directors member Judy Lewent has decided not seek re-election. Lewent plans to devote more time to other business responsibilities. Her current term ends in July. Lewent has served on the Dell board since 2001 and was chair of the firm’s finance committee and also served on the …

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Dell/NFIB Small Business Excellence Award goes to BusinessSuites

On Friday, BusinessSuites was named the  U.S. national winner of the Dell/National Federation of Independent Business (NFIB) Small Business Excellence Award. The Austin, Texas-based company has become an industry leader and offers clients fully furnished offices equipped with ready-to-go Internet, mail, phone, professional staff, and meeting rooms under flexible terms. …

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