Michael Dell and Silverlake announce $24.4bn deal @ $13.65/share (25% premium to $10.88 close on 1/11/13). 45 day go-shop available.
MSFT to contribute $2bn loan.
Debt financed by BAML, Barcap, CS, RBC
Dell itself was advised by Goldman Sachs
Silverlake advised by BAML, Barclays, CS, and RBC
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"Dell itself was advised by Goldman Sachs..."
Misread. You're correct sir. Wish I could edit, but the post is locked.
I wish I was doing this LBO model
What's stopping you? Most (if not all) the information you really need is publicly available.
Hm these press releases are confusing. JPM is definitely advising Dell, dunno how GS fits in, and the BusinessWire article said it was listing the Silver Lake advisors alphabetically rather than in order of positional rankings. Also, Evercore is here too?
Regardless, cool deal to work on. Now, if some enterprising Wsoer can just leak the pitch books...
Its an practically a LBO potluck. Everyone is bringing a dish and Michael is hosting.
Also..
*Dell’s special board committee is being advised by: JPMorgan Chase Debevoise & Plimpton (legal counsel) Evercore Partners, which is overseeing the process of seeking out alternative takeover bids
*Microsoft is being advised by Lazard
http://dealbook.nytimes.com/2013/02/05/the-army-behind-the-big-dell-dea…
Conspicuously absent: Morgan Stanley. Guess they're still in time out.
The barbarians are back storming the gate!
Where's Kravis?!
Many of the recent big deals have been or will likely be blocked by anti-trust.. good thing this is an MBO/LBO, instead of a merger of two industry giants.
Is it odd to anyone else that Microsoft is providing a $2bn loan for the transaction? I admittedly don't know a lot about Microsoft but I don't get their role in this.
special rights for custom hardware development for win8 etc
Microsoft is purchasing "special rights" for "custom hardware development" for "Windows 8 etc".
Please don't drop any more "knowledge" on us.
lol please read the news correctly before posting a misinformed post
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