Dell plans to go private in biggest LBO since financial crisis

Michael Dell reached an agreement with private-equity investor Silver Lake Partners and Microsoft to take his namesake computer firm private in a $24.4 billion leveraged-buyout deal, after 24 years on public markets. The deal requires approval by a majority of the shareholders, excluding Dell himself. The $13.65-a-share deal price is a 25% premium to the market price of Dell shares before buyout talks became public last month.

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