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News Breaks | | | | February 4, 2013 | | 19:10 EDT |  | DELL, MSFT | Dell board meeting tonight to vote on leveraged buyout, Bloomberg reports
Dell's (DELL) board is meeting to tonight to vote on the $24B offer to take the company private, according to a Bloomberg report that cites people with knowledge of the matter. The report cites sources who say the deal, which may be announced early tomorrow morning, values the company at $13.50-$13.75 per share, includes a $2B investment from Microsoft (MSFT), and includes CEO Michael Dell contributing his 15.7% stake in the company in addition to $700M, giving Dell a majority stake. Reference Link | |
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