Dell will again become a publicly-traded company in $22 billion buyout

“Dell has agreed to buy out its own tracking stock for $21.7bn in a move that will return the sprawling technology company back to public markets five years after its founder took it private,” James Fontanella-Khan reports for The Financial Times. “The deal announced on Monday will give Michael Dell and his financial partner Silver Lake, the tech-focused private equity group, greater control of VMware, the data centre company it already controls.”

“By taking Dell back on to public markets — after a contentious $25bn buyout five years ago — one of the world’s largest tech companies will have the possibility to manage and reduce its large debt pile,” Fontanella-Khan reports. “Under the terms of the deal Dell will exchange each share of its ‘Class V’ tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or at $109 in cash — up to and not exceeding $9bn worth of cash.”

Read more in the full article here.

MacDailyNews Take: We very much look forward to again tracking Dell’s market value.

SEE ALSO:
Apple now worth 38 times Dell’s market value – October 3, 2012
Apple now worth 36 times Dell’s market value – September 19, 2012
Apple now worth 35 times Dell’s market value – September 14, 2012
Apple now worth 34 times Dell’s market value – September 4, 2012
Apple now worth 33 times Dell’s market value – August 28, 2012
Apple now worth 32 times Dell’s market value – August 27, 2012
Apple now worth 31 times Dell’s market value – August 23, 2012
Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
Apple now worth 24 times Dell’s market value – May 23, 2012
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
Apple now worth quadruple Dell’s market value – May 01, 2008
Apple now worth triple Dell’s market value – December 06, 2007
Apple now worth double Dell’s market value – July 27, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006

9 Comments

  1. Why am I convinced the LBOs and IPOs and other stock manipulation tactics do NOTHING for the company itself, but merely exist to enrich insiders. Would Toys R Us still be viable if Bain Capital hadn’t taken it private and saddled it with billions in loans? Guess we’ll never know…

  2. Very interesting article. Read on my brand new Dell smartphone . . . . . . . . . . (my best impression of a Stephen Colbert pause) . . . . . . . . . . I’m just kidding. 🙂

  3. Great blast from past posts starting January 13, 2006 when Apple passed Dell in market value. Hey Mikey, waaahhh happened?

    Just curious, wondering what was the decision to stop the posts on October 3, 2012 when Apple was worth 38 times Dell’s market value? Seems 50 would be a round number, but hey. That said, good to have the track back.

    The company went private five years ago at 25 billion and now is going public again at 21.7 billion? Mikey, you are amazing …

  4. How is Dell a tech company? They got screwdrivers to build PCs from supplied parts and put them in boxes. No own processors, no own architecture, no own operating system.

    1. Do they at least design their own cases which possibly could involve engineering to disperse heat efficiently? Or maybe ergonomic placement of ports, keyboard depth, hinge wear reduction, etc.?

  5. Dell as a company will be largely unchanged I would think, and will continue on as the whole load of nothing it currently is. Some people will make a lot of money off it though.

Leave a Reply to Applemacaron Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.