Dell will go private for $24.9 billion, following a shareholder vote in favor of the deal on Thursday.
The final deal is pegged at $13.75 a share, including a 13 cents a share dividend. At $13.88 per share, that amounts to $24.9 billion. The deal also means that when the company announces its next earnings report in November, shareholders will receive an 8 cents per share quarterly dividend.
Overall, the price is a premium on the $24.4 billion, or $13.65 per share, that was first proposed in February.
It comes at a time when the company is struggling with its core PC manufacturing business. Dell lost 3.9 percent in share according to Gartner, or 4.2 percent according to IDC figures, in the last quarter alone. The global worldwide PC market is expected to decline by 10 percent through at least 2014, as the race to compete in the tablet space reaches its peak.
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The final deal is pegged at $13.75 a share, including a 13 cents a share dividend. At $13.88 per share, that amounts to $24.9 billion. The deal also means that when the company announces its next earnings report in November, shareholders will receive an 8 cents per share quarterly dividend.
Overall, the price is a premium on the $24.4 billion, or $13.65 per share, that was first proposed in February.
It comes at a time when the company is struggling with its core PC manufacturing business. Dell lost 3.9 percent in share according to Gartner, or 4.2 percent according to IDC figures, in the last quarter alone. The global worldwide PC market is expected to decline by 10 percent through at least 2014, as the race to compete in the tablet space reaches its peak.
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