Breaking News Headlines: Michael Dell and Silver Lake Reach Last-Minute Buyout Deal

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Breaking News Headlines: Michael Dell and Silver Lake Reach Last-Minute Buyout Deal

Breaking News Headlines: Michael Dell and Silver Lake Reach Last-Minute Buyout Deal
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Breaking News Headlines: Michael Dell and Silver Lake Reach Last-Minute Buyout Deal

Wochit 1:01 mins

Michael Dell and the private equity firm Silver Lake have raised their offer to take the company public to $13.75 a share with a 13-cent per share special dividend. The new deal, reached mere hours before a shareholder vote was scheduled to take place, values the company at nearly $24.9 billion. A jury found former Goldman trader Fabrice Tourre liable for misleading investors in a mortgage-linked deal that collapsed during the financial crisis, delivering a big win for U.S. regulators. Ahead of his inauguration, Iran's new president called Israel an "old wound" that should be removed, while tens of thousands of Iranians marched in support of Muslim claims to the holy city of Jerusalem.

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