A U.S. court has now ruled that Dell's 2013 $24.9 billion buyout by founder Michael Dell and Silver Lake Partners was underpriced. Specifically, the Delaware court ruled that the deal was underpriced by 22%.
The terms of the original deal specified that the buyout would fetch $13.75 per share for shareholders. However, today's ruling established that fair value was $17.62 per share, and buyers will end up shelling out around $36 million more as a result. Today's ruling can be appealed.
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