News that Dell could go private in a $22-billion leveraged buyout could be announced this week. It is thought that the buyout will be led by a private equity group, Silver Lake Management, and Michael Dell, founder and CEO of the PC maker.
It is thought that Silver Lake has identified four banks to provide $15-million to finance the buyout. Analysts believe they will offer shareholders between $13.50 and $14.00 per share.
Michael Dell is the company’s largest shareholder, with a 16% stake in the company.