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divdiv class=postBody txtWrap section=txt readability=33div class=cnet-image-div image-LARGE2 float-none readability=1img class=cnet-image src=http://asset0.cbsistatic.com/cnwk.1d/i/tim2/2013/06/05/127978225_610x458.jpg alt= width=610 height=458/p class=image-captionMichael Dell completed the bid to take his company private./pspan class=image-credit(Credit:KIMIHIRO HOSHINO/AFP/Getty Images)/span/divpDell's founder and chief executive Michael Dell has completed his bid to take the company private./ppIn conjunction with financial backing from investment firm Silver Lake Partners, the company has begun the process to delist its common shares from the Nasdaq stock exchange in New York./pp/ppDell shares will no longer be traded on the stock exchange by market close today. The company's stock (a href=https://www.google.com/finance?q=dell$DELL/a) is, at the time of publication, up 0.2 percent in late-morning trading./ppUnder the terms of the*deal, valued at approximately $24.9 billion,*Dell shareholders will receive $13.75 in cash for each share of stock they own, including a cash dividend of 13 cents per share, making a total of $13.88 per share./ppOverall, the price is a premium on the $24.4 billion, or $13.65 per share, that was*a href=http://www.zdnet.com/dell-goes-private-for-24-billion-7000010758/first proposed in February/a./ppFounder Dell said, in prepared comments, the company enters an exciting new chapter as a private enterprise. He added: Our 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit./ppBy closing, Dell's founder and his investors will own approximately 75 percent of the company./ppThe deal was approved by the company's shareholders a href=http://www.zdnet.com/dell-cleared-to-go-private-for-24-9b-after-shareholders-vote-in-favor-of-deal-7000020611/at a September 12 meeting/a, at which Dell's founder and his investors were handed the keys to approximately 75 percent of the company./ppOn the follow-up analyst call, Dell said that despite the PC market downturn, the company will expand our presence in emerging markets and invest in PCs,a href=http://reviews.cnet.com/tablets/ section=luke_topic tablets/a, and the virtual computing market./ppDell lost 3.9 percent in market share, a href=http://www.zdnet.com/gartner-worldwide-pc-shipments-dropped-10-9-percent-in-q2-7000017909/according to Gartner/a-- or 4.2 percent, according to IDC figures -- in the last quarter alone. The global worldwide PC market a href=http://www.zdnet.com/worldwide-pc-shipments-expected-to-plunge-by-10-percent-7000020030/is expected to decline by 10 percent/a through at least 2014, as the race to compete in the tablet space reaches its peak./pp/ppiThis story originally appeared as a href=http://www.zdnet.com/dell-completes-bid-to-take-company-private-stock-market-pull-out-begins-7000022559/Dell completes bid to take company private; stock market pull-out begins/a on ZDNet./i/pp/p/div/divbrbrcentera href=http://www.wizardrss.comPowered By WizardRSS.com/a | a href=http://www.wizardrss.comFull Text RSS Feed/a | a href=http://www.amazon.com/RFID-Blocking-Cards-Identity-Protector/dp/B00CJHZLEWRFID/a | a href=http://www.wpzonbuilder.comAmazon Affiliate/a/center