Maples advises on the acquisition of Dell
12 Mar 2013
This transaction represents the largest private equity buyout since 2007. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock that they hold.
As part of the transaction, Michael Dell and certain related parties, who collectively hold approximately 16% of the Company's shares, will roll over their shares into the acquiring entity. The transaction will be financed through a combination of cash and equity as well as debt financing.
The transaction is subject to the approval of a majority of the unaffiliated stockholders and to customary conditions. Dell, based in Round Rock, Texas, is a global information technology company that offers its customers a broad range of solutions and services delivered directly by Dell and through other distribution channels.
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