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Dell Inc. (NASDAQ: DELL) has finally announced that it has signed a definitive merger agreement under which founding CEO Michael Dell will acquire the company in partnership with global technology ...
The Dell deal has become the largest buyout deal since the 2008 U.S. financial crisis. As Motley Fool's Investor Beat detailed the other day, it is an intricately layered beast .
The price represents a premium of 25 percent over Dell's closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first ...
After several weeks of rumors, which started around January 11, 2013, Dell announced on February 5, 2013, that it had struck a $24.4 billion (equivalent to $31,470,000,000 in 2023) leveraged buyout deal, that would have delisted its shares from the NASDAQ and Hong Kong Stock Exchange and taken it private.
A Dell buyout would likely satisfy investors who have witnessed a 40%drop in stock price If it goes private, will it even remain a company, or are we looking at the next Polaroid -- sold for scraps.
On March 1, 2024, Dell's net worth crossed the $100 billion mark, after Dell, Inc. reported an earnings beat, pushing the stock up 32% in the trading day and adding $13.7 billion into his fortune from $90.6 billion to $104.3 billion according to Bloomberg Billionaires Index, making him the 12th-richest person at that time.
On August 2, 2013, Icahn sued computer giant Dell and its board in an attempt to derail a $24.4 billion buyout bid by the CEO, Michael Dell, in favor of his own rumored forthcoming bid. [67] In October 2013, Icahn held 4.7 million shares of Apple Inc. [ 68 ] [ 69 ] [ 70 ] The same month, Icahn acquired around 61 million shares in Talisman ...
Dow Cheers Dell Buyout. Jeremy Bowman, The Motley Fool. Updated July 14, 2016 at 9:47 PM. Following yesterday's slide, the Dow Jones Industrial Average came roaring back today, gaining 99 points ...