CFO reported that if the proposed $24.4 billion Dell deal is approved by the company’s shareholders, it will be the biggest leveraged buyout since the beginning of the financial crisis in 2007.
CFO said under the terms of the buyout, Michael Dell, the firm’s founder, will continue to have a substantial stake in the firm and will remain its chairman and chief executive.
The proposed transaction has raised hopes that it will lead to a revival of leveraged buyouts in the tech world after debt funding disappeared down a large black hole along with parts of the banking system, CFO added.
To read the full CFO article click here.
Previously on abfjournal.com: