Dell’s buyout deal most likely to conclude as soon as Monday
Roshan Ashraf Shaikh / 12 years ago
The buyout of Dell, one of the largest computer makers in the world which is currently has a market value of $23 Billion, is nearing completion and may be finalised as soon as next Moday according to Reuters
Once the deal goes through, the company’s founder and Chief executive Michael Dell will take majority ownership, whereas Silver Lake and Microsoft would become minority investors.
However the final price of the group is not yet confirmed. It is certain however that the deal will mark as the largest buyout since the global financial crises.
Now that the buyout consortium just needs to work on last minute details. The investment group that held negotiations with Dell in New York secured up to $15 Billion from four investment banks- Barclays, Bank of America Merrill Lynch, Credit Suise and RBC Capital.
Once the company goes private, it will allow Dell to become a one-stop shop for corporate needs.
Source: Reuters
