Michael Dell
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Dell Inc. tells suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself.
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*Michael Dell putting up $500 mln, his investment firm $250 mln. SAN FRANCISCO, Feb 6- Michael Dell and his investment firm are ponying up $750 million in cash toward the $24.4 billion purchase of Dell Inc to help bankroll the largest private equity-backed buyout since the financial crisis.
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SAN FRANCISCO, Feb 6- Michael Dell and affiliates of the firm that manages his wealth will collectively put $750 million toward the $24.4 billion buyout of computer maker Dell Inc, the company disclosed in a regulatory filing on Wednesday.
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SAN FRANCISCO, Feb 6- Dell Inc unveiled more details of founder Michael Dell's proposed $24.4 billion buyout on Wednesday, confirming that the billionaire CEO will pony up $500 million of his own cash in return for a larger share of the company he created.
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*Virgin Media leverage to rise only modestly. LONDON, Feb 6- Financing plans for the multibillion-pound acquisition of British cable group Virgin Media emerged on Wednesday and buoyed hopes that large-scale takeovers are back as companies grow more confident about the economy and take advantage of cheap debt.
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*Putting up cash and equity to take Dell Inc private. Feb 5- Michael Dell once gave up day-to-day control of the computer company that bears his name- and everything began to go south.
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BOSTON, Feb 5- Some fund shareholders of Dell Inc said they were outraged by company founder Michael Dell's plan to take the computer maker private for less than $14 a share, accusing him of effectively trying to steal the company. "Do the directors think Michael Dell is crazy and shareholders are lucky to lose their ownership to him?"
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BOSTON, Feb 5- Some fund shareholders of Dell Inc said they were outraged by company founder Michael Dell's plan to take the computer maker private for less than $14 a share, accusing him of effectively trying to steal the company. "Do the directors think Michael Dell is crazy and shareholders are lucky to lose their ownership to him?"
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Brian White, Managing Director & Senior Analyst for IT Hardware, Networking & Tech Supply Chain, Topeka Capital Markets says Michael Dell wants to focus on the enterprise market and make a bigger push into cloud computing without the scrutiny of its PC business.
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*Parties paying $13.65/ share in cash. *Microsoft putting up $2 billion loan. SAN FRANCISCO/ NEW YORK, Feb 5- Michael Dell will take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, a deal that allows the billionaire chief executive to attempt a revival of his struggling computer company without Wall Street scrutiny.
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Michael Dell will take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, a deal that allows the billionaire chief executive to attempt a revival of his struggling computer company without Wall Street scrutiny. (DELL-BUYOUT/, moving shortly, by Poornima Gupta, 1,300 words).
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CNBC's Scott Wapner just spoke with a large shareholder of Dell, Rich Pzena, who says he will be voting his shares "no" on the deal.
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Feb 5- Dell Inc's turnaround will take more "time, investment and patience," Chief Executive Michael Dell said in a memo to employees on Tuesday after striking a deal to take the company private.
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Is it easier to work your way out of a PC hole if you are not public? Dennis Berman, The Wall Street Journal; and Dan Primack, Fortune Magazine, discuss Dell's plan to go private, and what investors are likely to expect.
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SAN FRANCISCO, Feb 5- Dell Inc, which intends to go private in a $24.4 billion deal led by founder and Chief Executive Michael Dell, plans to stick to its current turnaround strategy to diversify away from personal computers.
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Feb 5- Michael Dell once gave up day-to-day control of the computer company that bears his name- an experiment that went poorly and ended relatively quickly. Dell Inc will go private in a $24.4 billion deal led by Michael Dell and including capital from private equity firm Silver Lake and a loan from Microsoft Corp, the parties said on Tuesday.
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CNBC's David Faber reports the latest details on Dell's $24.4 billion leveraged buyout deal.
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Dell agreed to be taken private Tuedsay in a nearly $24 billion buyout deal by a consortium led by its founder and chief executive, Michael Dell.
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Feb 5- Twenty-nine years after its founding, iconic computer maker Dell Inc agreed to a $24.4 billion deal to go private on Tuesday. The $13.65- per-share deal for the world's third-largest computer maker involves chairman Michael Dell, private equity firm Silver Lake and Microsoft Corp.
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CNBC's David Faber has the latest details on Dell's deal with private equity firm Silver Lake Partners. Terms of the deal reveal Dell shareholders will receive $13.65 in cash per share of common stock. Also, David Katz, Matrix Asset Advisors weighs in on how to play the stock now.
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*Microsoft putting up $2 billion loan. Feb 5- Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.