Dell strikes deal to go private
$24 billion buyout gives PC maker room to plan recovery
Posted: February 6, 2013 at 3:53 a.m.
Michael Dell, chairman and chief executive officer of Dell Inc., right, speaks with a fellow delegate on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 25, 2013. World leaders, influential executives, bankers and policy makers attend the 43rd annual meeting of the World Economic Forum in Davos, the five day event runs from Jan. 23-27. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Michael Dell
Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the recession dried up the financing for such risky maneuvers.
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Business, Pages 25 on 02/06/2013
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