Dell purchase negotiation moves forward

Dell is closer to a delisting of almost $ 24 billion, with the price range discussed narrowing to between $ 13.50 and $ 13.75 per share, in what would be the largest leveraged buyout since the financial crisis. Discussions between Dell and a consortium led by its founder and Chief Executive, Michael Dell, the company's capital to close were in the final stage yesterday, according to a source privy to the subject.
The conclusion is expected soon, the source said, cautioning that a final agreement has not yet been drawn up and the negotiations could still fall apart.
Microsoft, which provides its Windows software for Dell computers and is also part of the investment consortium must invest about $ 2 billion in operation, while the private equity company Silver Lake should enter with around $ 1 billion, the source said. Michael Dell should use his slice of approximately 16% in the company and their own resources to take control of the company.
Dell and the Silver Lake refused to comment and Microsoft did not immediately respond to a request for comment.
The range of $ 13.50 to $ 13.75 per share which is currently discussed amounts to a total value of between $ 23.5 billion and $ 23.9 billion to Dell.
The price of $ 13.75 dollars represents a premium of about 23 percent over the average price of paper from Dell, $ 11 dollars, before the disclosure of negotiations on the agreement, and is much smaller than the $ 17,61 that were traded the roles a year ago.
Dell has gradually lost market share to rivals such as Lenovo and is struggling to reignite growth, despite the efforts of Michael Dell in the five years since it regained control of the company he founded in 1984, after a brief hiatus in which the company's fortunes withered. Any agreement negotiated by Michael Dell would require the approval of the majority of shareholders, because transactions as founder and Chief Executive would need additional care.