Canadian Pension Plan Investment Board not to acquire Dell
Nov 01, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Michael S. Dell (Michael Dell), the Founder, Chairman and Chief Executive Officer of Dell, Inc., along with Silver Lake Management LLC, a private equity firm, has acquired Dell, a manufacturer of desktop PCs, servers, networking products, software and peripherals. Both the entities are based in the US. The total transaction is valued at approximately $24,900 million.
Update on February 5, 2013:
Michael Dell in partnership with Silver Lake has signed a definitive merger agreement to acquire all of the outstanding shares of Dell not held by Michael Dell and certain other members of management. The transaction is valued at approximately $24,400 million.
Currently, Michael Dell holds 14% stake in Dell's common shares.
The transaction is expected to close before the end of the second quarter of 2014.
Rumor (January 16, 2013):
According to Financial times, Canadian Pension Plan Investment Board, a Canada-based pension fund, is one among the potential bidders to acquire Dell.
Dell's stock market value reached approximately $23,000 million on January 15, 2013.
Barclays, Credit Suisse, Bank of America and Royal Bank of Canada are in discussions about providing the financing for a buy-out.
Michael Dell, the founder of Dell, currently owns around 15% stake in the company.
Reportedly, TPG Capital, Silver Lake and Temasek Holdings Pte., Ltd. are also in the race to acquire Dell.
Deal Value (US$ Million) 23000
Deal Type Private Equity
Sub-Category Going Private
Deal Status Dead Rumour: 2013-10-29
Target (Company) Dell, Inc.
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