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Dell files preliminary proxy materials for merger with Michael Dell, Silver Lake

Dell announced that it has filed preliminary proxy materials with the Securities and Exchange Commission, SEC, in connection with the definitive merger agreement between the company and entities owned by Michael Dell, Dell’s Founder, Chairman and Chief Executive Officer, and investment funds affiliated with Silver Lake Partners. Under the terms of the February 5 agreement, Dell shareholders would receive $13.65 in cash for each share of Dell common stock they hold in a transaction valued at approximately $24.4B.