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Dell: Difference between revisions
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===2013 buyout=== | ===2013 buyout=== | ||
After several weeks of rumors, which started around January 11, 2013, Dell announced on February 5, 2013, that it had struck a $24.4 billion ({{Inflation|index=US-GDP|value=24400000000|start_year=2013|r=-7|fmt=eq}}) [[leveraged buyout]] deal, that would have delisted its shares from the NASDAQ and Hong Kong Stock Exchange and taken it private.<ref>{{cite web|url=http://edgar.secdatabase.com/2319/119312513041273/filing-main.htm |title=Dell Inc, Form 8-K, Current Report, Filing Date Feb 6, 2013 |publisher=secdatabase.com |access-date=March 8, 2013}}</ref><ref>Official Dell pressrelease on [http://content.dell.com/us/en/corp/d/secure/2013-02-04-michael-dell-silverlake-acquisition.aspx (leveraged) buyout by Michael Dell and Silverlake] {{Webarchive|url=https://web.archive.org/web/20130210025350/http://content.dell.com/us/en/corp/d/secure/2013-02-04-michael-dell-silverlake-acquisition.aspx |date=February 10, 2013}}, February 5, 2013. Visited: February 5, 2013</ref><ref>{{cite news|url=http://finance.yahoo.com/q?s=DELL&ql=1 |title=DELL: Summary for Dell Inc.- Yahoo!! Finance |work=Yahoo! Finance |access-date=February 10, 2013}}</ref> [[Reuters]] reported that Michael Dell and [[Silver Lake Partners]], aided by a $2 billion loan from [[Microsoft]], would acquire the public shares at $13.65 apiece.<ref name="buyout">{{cite news|title=Dell to go private in landmark $24.4 billion deal|first=Ben|last=Berkowitz|author2=Edwin Chan|url=https://www.reuters.com/article/us-dell-buyout-idUSBRE9140NF20130205|work=Reuters|date=February 5, 2013|access-date=February 5, 2013}}</ref> The $24.4 billion buyout was projected to be the largest leveraged buyout backed by private equity since the [[2007–2008 financial crisis]] ({{Inflation|index=US-GDP|value=24400000000|start_year=2007|r=-7|fmt=eq}}).<ref name="buyout2">{{cite news |url=https://archive.nytimes.com/dealbook.nytimes.com/2013/02/05/dells-record-breaking-buyout/ |title=Dell's Record-Breaking Buyout |first=William |last=Alden |work= | After several weeks of rumors, which started around January 11, 2013, Dell announced on February 5, 2013, that it had struck a $24.4 billion ({{Inflation|index=US-GDP|value=24400000000|start_year=2013|r=-7|fmt=eq}}) [[leveraged buyout]] deal, that would have delisted its shares from the NASDAQ and Hong Kong Stock Exchange and taken it private.<ref>{{cite web|url=http://edgar.secdatabase.com/2319/119312513041273/filing-main.htm |title=Dell Inc, Form 8-K, Current Report, Filing Date Feb 6, 2013 |publisher=secdatabase.com |access-date=March 8, 2013}}</ref><ref>Official Dell pressrelease on [http://content.dell.com/us/en/corp/d/secure/2013-02-04-michael-dell-silverlake-acquisition.aspx (leveraged) buyout by Michael Dell and Silverlake] {{Webarchive|url=https://web.archive.org/web/20130210025350/http://content.dell.com/us/en/corp/d/secure/2013-02-04-michael-dell-silverlake-acquisition.aspx |date=February 10, 2013}}, February 5, 2013. Visited: February 5, 2013</ref><ref>{{cite news|url=http://finance.yahoo.com/q?s=DELL&ql=1 |title=DELL: Summary for Dell Inc.- Yahoo!! Finance |work=Yahoo! Finance |access-date=February 10, 2013}}</ref> [[Reuters]] reported that Michael Dell and [[Silver Lake Partners]], aided by a $2 billion loan from [[Microsoft]], would acquire the public shares at $13.65 apiece.<ref name="buyout">{{cite news|title=Dell to go private in landmark $24.4 billion deal|first=Ben|last=Berkowitz|author2=Edwin Chan|url=https://www.reuters.com/article/us-dell-buyout-idUSBRE9140NF20130205|work=Reuters|date=February 5, 2013|access-date=February 5, 2013}}</ref> The $24.4 billion buyout was projected to be the largest leveraged buyout backed by private equity since the [[2007–2008 financial crisis]] ({{Inflation|index=US-GDP|value=24400000000|start_year=2007|r=-7|fmt=eq}}).<ref name="buyout2">{{cite news |url=https://archive.nytimes.com/dealbook.nytimes.com/2013/02/05/dells-record-breaking-buyout/ |title=Dell's Record-Breaking Buyout |first=William |last=Alden |work=The New York Times |date=February 5, 2013}}</ref> It is also the largest technology buyout ever, surpassing the 2006 buyout of [[Freescale Semiconductor]] for $17.5 billion ({{Inflation|index=US-GDP|value=17500000000|start_year=2006|r=-7|fmt=eq}}).<ref name="buyout2"/> | ||
Michael Dell said of the February offer "I believe this transaction will open an exciting new chapter for Dell, our customers and team members".<ref name="buyout3"/> Dell rival Lenovo responded to the buyout, saying, "the financial actions of some of our traditional competitors will not substantially change our outlook."<ref name="buyout3">{{cite news|title=Dell Inc. to go private in $24.4-billion deal|first=Andrea|last=Chang|url=https://www.latimes.com/business/technology/la-fi-tn-dell-goes-private-20130205,0,7066492.story|work=Los Angeles Times|date=February 5, 2013|access-date=February 5, 2013}}</ref> | Michael Dell said of the February offer "I believe this transaction will open an exciting new chapter for Dell, our customers and team members".<ref name="buyout3"/> Dell rival Lenovo responded to the buyout, saying, "the financial actions of some of our traditional competitors will not substantially change our outlook."<ref name="buyout3">{{cite news|title=Dell Inc. to go private in $24.4-billion deal|first=Andrea|last=Chang|url=https://www.latimes.com/business/technology/la-fi-tn-dell-goes-private-20130205,0,7066492.story|work=Los Angeles Times|date=February 5, 2013|access-date=February 5, 2013}}</ref> | ||