244亿美元杠杆收购,戴尔私有化将带来什么?

上网时间: 2013年02月19日? 作者:Dylan McGrath? 我来评论 【字号: ? ?小】

关键字:Dell私有化?

Dell going private in $24 billion deal

Dylan McGrath

Leveraged buyout includes investment from founder Michael Deal, Silver Lake Partners and a $2 billion loan from Microsoft. SAN FRANCISCO--PC maker Dell Inc. will become a private company under a leveraged buyout deal worth about $24.4 billion, the company said Tuesday (Feb. 5).

Under the terms of the deal, Michael Dell, the company’s chairman and CEO, will acquire Dell in partnership with Silver Lake Partners, a leveraged buyout specialty firm focused on high-tech.

The deal includes an unspecified amount of cash and equity contributed by Michael Dell, cash funded by investment funds affiliated with Silver Lake, a cash investment from an investment firm owned by Michael Dell and a $2 billion loan from Microsoft. Terms of the deal also include rollover of existing debt and debt financing committed by several financial institutions. A breakout of how much Michael Dell and Silver Lake are each investing was not immediately available.

Michael Dell already owns roughly 14 percent of Dell’s common shares. He will continue to lead the company as chairman and CEO after the completion of the deal, Dell said.

Michael S. Dell

Dell stockholders will receive $13.65 in cash for each share of Dell common stock under the terms of the deal. According to Dell, the price represents a premium of 25 percent over Dell’s closing stock price on Jan. 11, the last trading day before rumors that the company would go private were first published. The price also represents a 37 percent premium over Dell’s average closing price during the 90 days prior to Jan. 11, Dell said.

Dell’s stock price closed at $13.27 Monday.

Dell, founded in the mid-1980s, has in recent years battled rival Hewlett-Packard Co. for leadership in global PC sales.But in the fourth quarter of 2012, Dell trailed both HP and China’s Lenovo Group Ltd. with a PC market share of about 10 percent, according to Gartner Inc. Both HP and deal are facing increased competition from the likes of Lenovo, Acer and other OEMs based in Asia.

Largest leveraged buyout since financial crisis

The leveraged buyout of Dell would reportedly be the largest such deal since the global financial crisis that began in 2008. Leveraged buyout deals were in vogue in high tech in the middle of the last decade, when chip vendors Freescale Semiconductor and NXP Semiconductors were each taken private. Those deals saddled the companies with debt that they are still struggling with today.

Silver Lake was involved in the NXP buyout deal, which was worth about $8 billion.

"I believe this transaction will open an exciting new chapter for Dell, our customers and team members," said Michael Dell. "We can deliver immediate value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise."

Michael Dell said the company has made solid progress executing on its strategy over the past four years, but said the realization of the company’s strategy will take more time, investment and patience. "I believe our efforts will be better supported by partnering with Silver Lake in our shared vision," Michael Dell said. "I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake."

Dell said its board of directors agreed on the recommendation of a special committee of independent directors, which the company said unanimously approved the deal. Michael Dell, the company’s founder and chairman of its board of directors, recused himself from all board discussions over the deal, according to Dell.

Closing of the deal is subject to a number of conditions, including a stockholder vote, Dell said. Michael Dell first approached the board of directors about the deal last August, Dell said.


[ 投票数:? ] 收藏 ??? 打印版 ??? 推荐给同仁 ??? 发送查询 ??? ?订阅杂志

评论
免费订阅资讯速递
信息速递-请选择您感兴趣的技术领域:
  • 安防监控
  • 便携设备
  • 消费电子
  • 通信与网络
  • 分销与服务
  • 制造与测试
  • 工业与医疗
  • 汽车电子
  • 计算机与OA
  • 电源管理
  • 无源器件与模组
  • 新能源
  • 供应链管理
论坛速递
相关信息
  • 什么是Dell私有化?
  • 国际电子商情提供相关Dell私有化技术文章及相关Dell私有化新闻趋势,及更新最新相关Dell私有化电子产品技术

?新浪微博推荐
Global Sources


编辑推荐
?大家正在说


打开微信“扫一扫”,打开网页后点击屏幕右上角分享按钮

1.扫描左侧二维码
2.点击右上角的分享按钮
3.选择分享给朋友
电子元器件数据手册下载
数据手册搜索

Datasheets China.com

《汽车电子特刊》

汽车电子系统在现代的汽车中占有的比重越来越高,对产品设计的工程师来说,产品的设计和验证面临着很多的挑战。本期《汽车电子特刊》将会向您呈现ADI技术对于汽车电子行业的应用等,还有IIC汽车电子论坛的精彩回顾哦!

扫一扫,关注最新资讯

esmc