Michael Dell and investment firm Silver Lake Partners have completed their $24.9 billion buyout of Dell Inc. The computer company said Tuesday that its shares will stop trading at the end of the day, closing its quarter-century run as a public company.
Round Rock PC maker Dell will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street.
Carl Icahn is giving up his bitter takeover fight for Dell a few days before shareholders are scheduled to consider the latest buyout offer from the company’s founder Michael Dell.
Dell’s woes worsened during its most recent quarter, as the PC maker resorted to price cuts to slow a sales decline driven by a growing reliance on smartphones and tablets.
Activist investor Carl Icahn is suing Dell to prevent the PC maker from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.
Billionaire investor Carl Icahn is warning that the latest offer from Dell’s founder to buy the struggling computer maker bypasses an important safeguard for shareholders.
Michael Dell is urging shareholders of the Round Rock-based computer company he founded to vote in favor of his offer to take it private.
Buyout specialist Blackstone Group has abruptly ended its courtship of Dell Inc. less than a month after saying it intended to trump a deal with the slumping computer maker’s CEO, according to a report published late Thursday.
Dell plans to negotiate with Blackstone Group and Carl Icahn over acquisition bids for the computer maker that rival a bid of over $24 billion from investors led by Michael Dell.
Is Michael Dell’s attempt to gain more control over his company about to turn into a financial tug-of-war? The answer could come Friday, as other offers may top his $24.4 billion deal.
Dell’s largest independent shareholder is turning up the pressure against the proposed $24.4 billion sale of the struggling personal computer maker to a group of investors that includes its CEO.
A shareholder rebellion against Dell’s proposed sale is gaining support, fueling a belief that the personal computer maker will have to wrangle a higher price to get the deal done.