Dell and Sequence to Take Baldwin Private in Deal
Michael Dell's DFO Management and Sequence Holdings will take Baldwin Group private in a 7.7 billion dollar transaction. The deal gives the insurance broker flexibility to fund artificial intelligence investments away from public markets.
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DFO Management and Sequence Holdings will take BALDWIN INSURANCE GROUP INC/ private in a $7.7 billion cash transaction. The deal offers shareholders $32.50 per share, representing an 88% premium over the June closing price. The buyout provides the insurance broker long-term capital to fund infrastructure upgrades without quarterly public market pressures.
