internetnews.com: Report: McNealy Mulls Taking Sun Private
Apr 29, 2005, 14:30 (7 Talkback[s])
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"Scott McNealy is considering a plan that would take his beloved
Sun Microsystems off the market at least for a while, according to
a report published Thursday.
"A hedge-fund manager with ties to McNealy and venture capital
firm Silver Lake Partners told Business Week that Sun's CEO and
co-founder is talking to investment managers about a leveraged
buy-out (LBO). The financial transaction would mean Sun's
management would repurchase all public shares and take the company
off of the publicly traded markets..."