consultants are sandburs

Tuesday, October 29, 2013

Dell going private appears to be a done deal. A done $24.9 billion buyout deal.

This link, this quote:

Dell stockholders will receive $13.75 in cash for each share plus a special dividend of 13 cents per share.

The transaction, approved September 12 after a bitter fight with dissident shareholders, takes Dell stock off the market.

Opposition was led by billionaire investor Carl Icahn, who claimed the plan undervalued the former number one computer maker.

Dell is looking to transform itself after having missed the shift to mobile computing. Analysts say this will be easier without the pressure of shareholders looking for profits each quarter.

Michael Dell created the company from his dorm room at the University of Texas and grew it into a global heavyweight known for direct service to customers and cutting out the retail middle man.

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