Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.Company founder Michael Dell and Silver Lake are paying $13.65 per share in cash for the world's No. 3 computer maker.The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell's investment firm MSD Capital, a $2 billion loan from Microsoft and debt financing from four banks.The transaction is expected to close before the end of the second quarter of Dell's fiscal 2014.
Shares of DELL remained unchanged at $13.27. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 31671900 shares of DELL exchange hands on a given day and today's volume is recorded at 1839093.
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