Deals
Dell Board Said to Vote Monday Night on $24 Billion LBO
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Dell Inc.’s board was planning to meet last night to vote on an offer to take the company private for about $24 billion, people with knowledge of the matter said.
The deal may be announced early this morning in the U.S., said the people, who asked not to be identified because the process is private. The offer values Dell at $13.50 to $13.75 a share, said two of the people. The Round Rock, Texas-based personal-computer maker closed yesterday at $13.27, for a market value of about $23 billion.