Dell decides to go private with Silver Lake

Dell this morning said it has agreed to go private at $13.65 a share in cash in a leveraged buyout led by founder, chairman and CEO Michael Dell, in partnership with the private equity firm Silver Lake.

The deal is worth about $24.4 billion. Dell notes that the price is a 25% premium over the company’s stock on January 11, the last day before rumors about a possible LBO were first published.

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