Silver Lake’s bid for Dell started at $11.22 per share: source
NEW YORK (Reuters) – Private equity firm Silver Lake Partners bid as low as $11.22 per share for Dell Inc in mid 2012, when it first discussed a buyout with founder and CEO Michael Dell, according to a person familiar with the situation. Since then, on February 5 this year, Silver Lake and Michael Dell raised their bid to take the world's No. 3 personal computer maker private to $13.65 a share. At $24.4 billion, it would be the largest private equity-led buyout since the 2008 financial crisis. …
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