Some of Dell’s current shareholders are up in arms over the proposed leveraged buyout of the quarter-century-old personal computer company. They argue that it’s a sweetheart deal for Michael Dell and a way for him and private equity firm Silver Lake, along with Microsoft, to hang on to Dell’s cash and keep any future profits from a future turnaround to themselves.
Another way of looking at the $24.4 billion transaction is that it is a test for the classic private equity model.
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