Daily News: September 25, 2013

Bloomberg: AlixPartners Said to Support Dell’s Turnaround

Bloomberg reported, according to people with knowledge of the matter that Dell is working with AlixPartners on its turnaround.

Bloomberg said the computer maker that Michael Dell and Silver Lake Management are taking private for $24.9 billion, will be counseled by AlixPartners on organizational restructuring and cost cuts, which will include the downsizing of Dell’s workforce to make up for the lack of efficiencies after acquisitions in the past five years.

Bloomberg notes that the go-private deal is scheduled to close by November 1, 2013, the end of Dell’s fiscal third quarter.

To read the full Bloomberg story, click here.

Previously on abfjournal: Dell Shareholders Back $25 Billion Buyout, September 13, 2013