Tuesday, January 15, 2013

Dell rises 15% on buyout rumours

According to Bloomberg Michael Dell has brought in specialists to take his company out of the market. Shares rose 15% on news but Dell is still valued very low for a large tech company and this could cause further rises. According to Bloomberg Michael Dell has nearly $10bn in private funds  and he owns a substantial shareholding. Putting that together may help pay for the privatization  At the new price he would need about $16-18bn cash to buy out the shares, taking into account his own holdings.

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