Tuesday, February 5, 2013

MSFT: More on Dell's LBO: Microsoft (MSFT) will...

9:38 AM More on Dell's LBO: Microsoft (MSFT) will provide a $2B loan rather than an equity investment, as had been reported. Michael Dell will remain chairman/CEO. The deal is expected to close before the end of the July quarter. Dell will have a 45-day "go-shop" period to solicit alternate bids; a $180M termination fee applies. Look for disgruntled shareholders to challenge the deal, particularly given Michael Dell's conflict of interest. But finding a higher bid could be easier said than done. DELL halted. Read comments

MSFT price at time of publication: $27.4. Check MSFT price now »

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