Dell CEO agreed to lower shares’ value to push $24 billion buyout
SAN FRANCISCO (Reuters) – Dell Inc Chief Executive Michael Dell, aiming to clinch a $24. 4 billion deal to take the No. 3 PC maker private, agreed to value his 16 percent stake in the company at about 2 percent below the price offered to other shareholders, company filings on Thursday showed. The founder, who informed his board in August of his intention to remove the struggling company from Wall Street’s scrutiny, agreed after extensive negotiations that his equity stake would be valued at $13. 36 a share, versus the $13. 65 offered eventually. Negotiations with Silver Lake kicked off in . . .
View full post on Tech News Headlines – Yahoo! News
Leave a Reply