Stockholders will be paid $13.88 in cash per share, plus a $.08 per share dividend for the third fiscal quarter, bringing the total buyout price to $24.9 billion.
News of the discussions between Dell and private equity firms, including Silver Lake, broke in January of last year. But the idea has been in the works for much longer. Michael Dell first mentioned the possibility in 2010, and he has reportedly been in talks to take the company private since June 2012.
Dell’s traditional businesses — PCs and server hardware — are in decline. Mobile devices like smartphones and tablets are eating away at desktop sales, and the new world of custom servers has seriously changed the data center landscape. So the company has been transforming itself into an enterprise software and services company. Michael Dell argues that the company will be better able to complete this transformation as a private company.
Recent DELL News
- Dell Technologies Propels Telecommunications into the AI Era • PR Newswire (US) • 09/25/2024 01:00:00 PM
- Dell Technologies Relisted on the S&P 500 Index • PR Newswire (US) • 09/24/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/20/2024 08:32:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 08:15:02 PM
- Dell Technologies Declares Quarterly Cash Dividend • PR Newswire (US) • 09/18/2024 10:03:00 PM
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- Form IRANNOTICE - Notice of disclosure filed pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (Exchange Act Section 13(r)). • Edgar (US Regulatory) • 09/10/2024 08:12:06 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/10/2024 08:09:32 PM
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- Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 09/06/2024 10:43:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/29/2024 08:14:00 PM
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- Dell Technologies to Present at Investor Conferences in September • PR Newswire (US) • 08/26/2024 09:30:00 PM
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- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
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- Dell Technologies to Hold Investor Conference Call July 31 to Discuss its Corporate Sustainability Strategy • PR Newswire (US) • 07/22/2024 09:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 10:24:29 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 10:20:24 PM
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