Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 5th of February.
Dell Goes Private for $24.4 Billion
Going from a public company to a private company allows for many advantages that perhaps Michael Dell thinks he needs in today's ultra competitive smart tablet/phone world.
Michael Dell has sunk all his shares into his new private company and then added another $700 million to get the deal done. Dell, as an individual, has put the most skin into the game to go private. Other investors, like Microsoft, will be investing $2 billion and Silver Lake partners will put up $1 billion. The rest of the financing, over $15 billion is coming from banks. Dell stockholders will receive $13.65 in cash for shares of common stock. So it would appear that DELL has come full circle, private, public, and now private again. If DELL survives, will we see them again offer shares to the public? Continue reading "Today's Video Newsletter: Michael Dell goes private and China catches gold fever"
