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Dell (DELL) enters into agreement to be acquired by Michael Dell and Silver Lake for...

Dell (DELL) enters into agreement to be acquired by Michael Dell and Silver Lake for $13.65/share, or $24.4B, a 25% premium over the Jan. 11 price before rumors began. (PR)
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Comments (12)
  • Chris DeMuth Jr.
    , contributor
    Comments (4230) | Send Message
     
    Southeastern Asset Management's 13D will be an interesting read, if they choose to file one.
    5 Feb 2013, 09:49 AM Reply Like
  • whaddyamean?
    , contributor
    Comments (514) | Send Message
     
    If you don't count the stock I once held in Enron, I would say that DELL is the worst investment I ever made. Tell me: Do shareholders get to vote on this pathetic $13.65 buyout, or is it a done deal?
    5 Feb 2013, 09:50 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4230) | Send Message
     
    You will get to vote and I think that there is a chance that they will have a problem with the vote. We don't own any shares, but think that this could become an interesting situation.
    5 Feb 2013, 09:55 AM Reply Like
  • citizenleung
    , contributor
    Comments (254) | Send Message
     
    $13.65 is quite a premium to its low of $8.69.

     

    DELL shareholders are lucky they're getting $13.65. What they should be angry about is DELL spending so much on buybacks. Based on today's sale price, Dell probably could have bought itself once or twice already.
    5 Feb 2013, 11:25 AM Reply Like
  • june1234
    , contributor
    Comments (2626) | Send Message
     
    That company's and ceo's rep like it's stock have been in the toilet for years and its future wasn't looking too hot even less so now with all that new debt. If it goes through like that and you can get $13.65 in full go for it. Days of Dellrock and Dellionaires are loooooong gone that's for sure. Take the money and run. Ask HP how they're doing
    5 Feb 2013, 07:54 PM Reply Like
  • GregScotts
    , contributor
    Comments (82) | Send Message
     
    What happens to current holders of these shares now? Are they locked in to holding them until the end of this 45-day period?
    5 Feb 2013, 10:12 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4230) | Send Message
     
    You can sell your shares in the open market whenever you would like. But you would have to hold onto them in order to receive the merger consideration.
    5 Feb 2013, 10:41 AM Reply Like
  • june1234
    , contributor
    Comments (2626) | Send Message
     
    $24 billion is a lot to pay for a declining company. Michael Dell will get his dream-liner, bondholders, many employees left with not much LBOd co's more often than not decline in value since so much of their cash will be going to service the debt. Worked out for Michael though if it goes through
    5 Feb 2013, 10:20 AM Reply Like
  • blueice
    , contributor
    Comments (3256) | Send Message
     
    With $6 per share in cash, Dellco and company are purchasing the firm for $7.50 per share plus debt !

     

    This is a bad, very bad deal for shareholders...

     

    It was rumored and now is true that, Mr Dell, likes to order off McDonald's dollar menu...
    5 Feb 2013, 10:44 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    With shares trading below the LBO buyout price, I'd say there is some doubt in the market (and from risk arb) on the deal. Michael Dell has a tarnished reputation, deal or not.
    5 Feb 2013, 02:17 PM Reply Like
  • vandeley
    , contributor
    Comments (115) | Send Message
     
    2% below a deal price is very common when the market considers the deal to have low risk of not going through but very little likelihood that a better deal will come around.
    6 Feb 2013, 05:51 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3997) | Send Message
     
    Long term shareholders should be out scalp hunting.
    5 Feb 2013, 09:12 PM Reply Like
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