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Dell privatization deal completed
On Oct. 29, 2013, Dell announced the completion of its acquisition by Michael Dell, Dell's founder and CEO, and Silver Lake Partners, a leading global technology firm.
Under the terms of the merger agreement, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of the close of business on Oct. 28, 2013, for total consideration of $13.88 per share in cash. The total transaction is valued at approximately $24.9 billion.
An exciting new chapter
This transaction positions Dell to enter an exciting new chapter, continuing the execution of its long-term strategy and focusing on delivering best-in-class solutions to customers as a private enterprise. Under a new private ownership structure, Dell will be even more flexible and entrepreneurial, allowing it to do what it does best — to serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.
We will be better positioned to shape the forces of cloud, big data, mobile and security that are changing the way people live, businesses operate and the world works, just as we did when we helped revolutionize the power of the PC almost 30 years ago.
Focus on serving customers
Our focus remains squarely on our customers, creating value in their lives and for their organizations. We will continue to deliver a best-in-class customer experience and our top priority is to ensure that customers’ needs are met.
Dell is a leading provider of end-to-end scalable solutions for customers around the world.
- We can scale up or down based on our customers’ needs. And because we use industry standards, we allow for a lower price point and give customers the ability to do more and buy more as their businesses grow.
- We are able to give customers the flexibility they need to manage their increasingly more complex environments, including support and financing. And because it’s modular – or a building block philosophy – we can add to our customers’ capabilities as they need it.
- We focus on practical innovation, efficient and affordable solutions and our superior customer relationship model. Our deep relationships with our customers give us a unique understanding of their needs and can personalize their solutions.