Dell completes merger transaction

Wednesday 30 October 2013 | 21:02 CET | News
Dell has announced the completion of its acquisition by Michael Dell, Dell's Founder, Chairman and CEO, and Silver Lake Partners, a global technology investment firm. Under the terms of the merger agreement, Dell stockholders will receive USD 13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of USD 0.13 per share to stockholders of record as of the close of business on 28 October, for total consideration of USD 13.88 per share in cash. The total transaction is valued at approximately USD 24.9 billion. The transaction was approved by Dell's stockholders at a special meeting of stockholders held on 12 September. Trading in Dell's common stock will conclude at the end of business on 30 October, and the company has commenced the process to delist its common stock shares from the Nasdaq Stock Market.

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