Silver Lake, Dell sweeten merger deal

By IVCPOST Staff Reporter

Aug 02, 2013 11:33 AM EDT

According to an announcement made by the Special Committee of the Board of Dell Incorporated, the company entered a revised definitive merger deal with Silver Lake Partners and Michael Dell. This transaction will boost the combined value to unaffiliated shareholders by at least US$350 million.

The transaction increased the purchase price of shares to US$13.75 for every share from US$13.65. Moreover, the company will provide payment of a special dividend of US$0.13 per share at the deal's close.

This merger guaranteed that the third quarter dividend worth US$0.08 per share will be definitively paid before the deal's closing, possibly increasing the payable amount to stockholders by US$120 million more. The amount is dependent on the time of the closing relative to the dividend's record date.

""The Committee is pleased to have negotiated this transaction, which provides as much as $470 million of increased value, including the next quarterly dividend that will now be paid regardless of when the transaction closes," said Dell's Special Committee Head Alex Mandl.

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