At some where between $13.50 and $13.75 a share, Dell has moved closer to a nearly $24 billion buyout deal, making it the largest leverage buyout since the financial crisis.
Dell, the third largest computer maker, and a group led by chief executive and founder, Michael Dell, discussions on taking the company private were in the final stages on Monday. An inside source said, “An outcome is expected soon” but they also warned that no final agreement had been made and negotiations could still break down.
Providing its Windows software for Dell computers, Microsoft Corp. is expected to invest around $2 billion in the deal, while Silver Lake, a private equity firm, is expected to invest about $1 billion.
Michael Dell is expected to roll over his estimated 16 percent stake and to invest some of his own money so he will have control over the company.
Dell and Silver Lake declined to comment and Microsoft took their time to respond to being asked for commentary.
The $13,75 per share is higher than the average $11 per share Dell traded the news of the buyout broke; however, it is far below the $17.61 that Dell share were at a year ago.
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