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Dell (NASDAQ:DELL): Current price $13.43
On Tuesday, Dell signed a definitive merger agreement under which the company founder, Chairman and Chief Executive Michael Del, in partnership with the world tech investment firm Silver Lake, will purchase the firm. Through the terms, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at about $24.4 billion. The price represents a bonus of 25 percent over Dell’s close of $10.88 on January 11th, which was the last trading day prior to rumors of a possible going-private transaction were first published. The deal also represents a premium of roughly 35 percent over Dell’s enterprise value as of January 11th; and a premium of around 37 percent over the average closing share price during the previous 90 calendar days ending on the same date. The board unanimously approved the transaction, with Michael Dell recusing himself from voting.
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