Michael Dell has said he is excited for the company's future after his takeover was completed today.
After first making his bid to take the company private in February, the firm's founder faced a battle to the wire with billionaire investor Carl Icahn until his proposal was approved by shareholders last month.
Under the terms of the takeover agreement, Dell stockholders will receive $13.75 (£8.57) in cash for each share of the company's common stock they hold, plus a special cash dividend of $0.13 per share. The total transaction was valued at about $24.9bn.
Trading in Dell stock concluded at the end of yesterday and the firm has started to delist the shares from NASDAQ.
At a Dell event earlier this month, the firm's founder (pictured) said the channel was one of five key areas on which he wanted to focus post-privatisation, and on the completion of the deal last night he said: "Today, Dell enters an exciting new chapter as a private enterprise.
"Our 110,000 team members worldwide are 100 per cent focused on our customers and aggressively executing our long-term strategy for their benefit."
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