Dell founder Michael Dell and global technology investment firm Silver Lake are to take the computer maker private in a deal worth $24.4bn (£15.5bn).
Under the agreement, Dell stakeholders will receive $13.65 in cash for each Dell share, representing a 25 per cent premium over Dell’s closing price of $10.88 on 11 January.
The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell's investment firm MSD Capital, a $2bn loan from Microsoft and debt financing from four banks.
The transaction is expected to close before the end of the second quarter of Dell’s financial year 2014.
City A.M. Reporter