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Dell (DELL) to Go Private for $13.65/Share in Cash

February 5, 2013 9:21 AM EST

Dell Inc. (Nasdaq: DELL) announced it has signed a definitive merger agreement under which Michael Dell, Dells Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire Dell.

Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion. The price represents a premium of 25 percent over Dells closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first... More