US court rules $24.9B Dell buyout underpriced by 22%

The buyers of Dell Inc. may be returning money to investors who opposed the $24.9 billion buyout.
 
A Delaware judge this week ruled buyers Michael Dell and Silver Lake Partners undervalued the purchase by about 22 percent, or $17.62 per share, compared to the final price of $13.75.
 
The opposing investors originally sought $28.61 per share in an appraisal lawsuit and will net about $20.84 after interest.
 
The ruling means the buyers may be on the hook to return tens of millions of dollars on roughly 5.5 million Dell shares, according to Reuters.
 
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