Tag Archives: BuyOut

Safeway Buyout Report Issued

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The fact that the second largest grocery supermarket in the US, Safeway is considering being bought out by a potential company has sent its shares way up in the stratosphere. A number of buyout...

Dell merger clears final regulatory hurdles in bid to go private

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Dell clears final regulatory hurdles, will go private next year

Michael Dell and investment firm Silver Lake Partners' joint bid to take Dell private has just cleared its final obstacle: regulatory approval. That means the deal is now all but completed. The transaction, valued at $25 billion, will see Dell transitioning to a private entity by the end of the company's fiscal Q3 2014 (which wraps this month). It also puts the company back firmly in Michael Dell's control, as he'll now own 75 percent of the new entity. And, as he discussed on the company's last open call with investors, that means a return to "innovation" for the PC, tablet and enterprise markets that will come to define the new Dell.

Update: The post has been updated to reflect accurate timing for the transaction.

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Source: Dell

Why Fairfax’s Prem Watsa Wants to Buy BlackBerry for $4.7 Billion?

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It is off to the auctioneers for BlackBerry Limited. Since the last few years or so it had faced a time of troubles. Finally, after much dilly-dallying it has found a customer in Fairfax. The...

Dell board votes in favor of Michael Dell’s $24.9 billion buyout offer

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Dell board votes in favor Michael Dell's $249 billion buyout offer

Dell has finally agreed to let founder Michael Dell take the company private through a partnership with investment firm Silver Lake Partners, in a deal valued $24.9 billion. The transaction, which is still pending regulatory approval, should see stockholders receiving $13.88 per share of common stock (including payment of a special cash dividend) and is expected to close in Q3 of Dell's 2014 fiscal year. In a statement released to the press, Michael Dell said that the newly private company's mission will be to "serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals."

Update: On the company's investor call, Michael Dell, who retains 75 percent ownership under this new structure, reaffirmed Dell's commitment to innovation and customer service -- goals he said can now be better achieved "without the scrutiny of operating as a public company." He also outlined several key areas of focus for the newly private Dell, among which expanding its presence in emerging markets, investing in R&D and acquisitions for enterprise solutions, as well as the PC, tablet and virtual computing space are key pillars.

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​Reuters: Verizon’s $130 billion bid for Vodafone stake to be voted on this weekend

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Vodafone and Verizon might finally be "resolving" their business relationship, according to Reuters: the pair are said to be striking a deal this weekend. The typical folks "familiar with the matter," say that the firms' respective boards are voting on a $130 billion buyout that would put Vodafone's 45 percent stake in the network back in Verizon's hands. The price has gone up since we last heard about this deal, though the plan is essentially the same -- Verizon will finance half of the purchase through bonds and bank loans while covering the rest with cash on hand. Neither Verizon or Vodafone were willing to comment on the report, Reuters stated, but it's no secret that the two companies have mused over breaking their partnership in the past. We'll let you know if we hear anything official; until then, check out the source link to get the story from the horse's mouth.

Update: The Wall Street Journal is reporting that the deal has been finalized behind closed doors, reiterating that an official announcement could come as early as Monday.

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Source: Reuters, WSJ

Reuters: BlackBerry leadership is open to the idea of going private

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As BlackBerry continues to claw its way back into the smartphone race, a Reuters rumor tonight suggests its next move may be to pull a Dell and go private. Among other possible options including licensing the BlackBerry 10 OS or "other partnerships," the idea is that this could let it fix problems away from the public eye. The paper's "sources familiar with the situation" indicated BlackBerry has talked with private equity firm Silver Lake Partners -- currently best known for its part in the still-in-limbo Dell buyout -- about teaming up on enterprise computing, but that those talks did not include buyout-related discussions. Of course, being open to the idea is hardly actually taking the jump, and many analysts, investors and potential partners have their own ideas about how to repair things in Waterloo. We'll see if these rumors ever pan out, feel free to leave suggestions for Thorsten & Co. -- remember, BBM on iOS and Android is already happening -- in the comments below.

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Source: Reuters

Michael Dell and Silver Lake up their offer for Dell buyout

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Michael Dell and Silver Lake up their offer for Dell buyout

The competition for Dell is heating up again today, as CEO Michael Dell and investment outfit Silver Lake have increased their buyout offer for the company. The new agreement raises the per share price to $13.75, provides for a special dividend of 13 cents per share, as well as an 8 cents per share dividend in the third quarter. Basically, these revised terms add, at the most, $470 million to the previous proposal that valued the company at around $24.4 billion. In order to give shareholders a chance to mull it over, the date when deciding votes will be cast has been pushed to September 12th. Plenty of time for the next counter-offer to come through, then.

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Via: AllThingsD