Private equity firm Silver Lake will invest $500 million in cyber security company, Symantec. The money from the investment will be used by the company to buy back shares and issue a $4 dividend to shareholders.
Three PC makers, Lenovo, HP and Dell will consolidate in the PC market, says Michael Dell on a press briefing in Bengaluru, India Michael Dell, Dell Inc. CEO, told Reuters he predicts there would be consolidation among three PC makers in the market. These are Dell, HP and Lenovo. These three PC manufacturing companies will take over 80% of the market in a few years.
Silver Lake is already in advanced talks with private equity firm HGGC LLC to exit information technology management firm Serena Software Inc, according to four sources interviewed by Reuters.
Institutional investors contributed $216.56 billion to US private equity funds last year, a sign of their renewed confidence in the asset class, a report from Private Equity Beat of The Wall Street Journal Blogs said.
Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.
Dell president and chief commercial officer Steve Felice will be leaving the company barely a month after it was acquired by Dell CEO Michael Dell and private equity firm Silver Lake.
Silver Lake Sumeru announced it would acquire a majority stake in BlackLine Systems, an accounting software company.
A few of Dell shareholders are refraining from voting on the bid presented by founder Michael Dell and private equity partner Silver Lake.
A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.
Michael Dell said yesterday that there will be no more increase in the buyout offer he and Silver Lake has for Dell Inc.
Private equity firm Silver Lake Management is maintaining its offer of US $13.75 per share for Dell Inc.'s buyout.
Dell proposes an additional US $150 million to its initial bid.
Carl Icahn and Southeastern Asset Management planned buyout for Dell Inc. was backed by the company’s shareholder, Yacktman Asset Management.
Dell and Silver Lake proclaimed that they would not budge from their original offer price of $13.65 a share offer because this figure is already fair and reasonable.
Dell Founder, Michael Dell has been advised by experts to raise his current offer of $24.4 billion to Carl Ichan