Report: Dell May Take Company Private on Tuesday

Dell's board met Monday night to vote on a $24 billion offer to take the company private, according to a report.

According to Bloomberg, the deal may be announced Tuesday morning. The report adds that the offer puts Dell's value at $13.50 to $13.75 a share. Dell closed Monday at $13.27 giving it a market value of around $23 billion.

Among the backers in the plan is Microsoft, which is investing $2 billion and Silver Lake Management, which will invest $1 billion-plus. CEO and Founder Michael Dell will contribute his 15.7% stake, which is valued at $3.6 billion, and invest another $700 million, which will give him a majority stake in his company.

Reps from Dell could not be reached…
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