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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 17 January 2013 [View all]Demeter
(85,373 posts)8. Dell Said to Be in Buyout Talks With Private-Equity Firms
http://www.bloomberg.com/news/2013-01-14/dell-is-said-be-in-buyout-discussions-with-private-equity-firms.html
Dell Inc. (DELL), the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms, two people with knowledge of the matter said. The shares surged.
The company is discussing going private with TPG Capital and Silver Lake, said one of the people, who asked not to be identified because the talks are private. A deal could be announced as soon as this week, one person said. The discussions could fall apart because firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.
Several large banks have been contacted about financing an offer, one of the people said. The computer maker had a market value of $18.9 billion as of Jan. 11.
Taking the company private could help Dell, the third- largest PC maker, accelerate efforts to revive growth and cope with competition without quarter-by-quarter scrutiny from public shareholders. Chief Executive Officer Michael Dell, 47, has been using acquisitions to sell more products to businesses as consumers shun PCs in favor of tablets and smartphones, including devices that run Apple Inc. and Google Inc. software...
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Dell Inc. (DELL), the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms, two people with knowledge of the matter said. The shares surged.
The company is discussing going private with TPG Capital and Silver Lake, said one of the people, who asked not to be identified because the talks are private. A deal could be announced as soon as this week, one person said. The discussions could fall apart because firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.
Several large banks have been contacted about financing an offer, one of the people said. The computer maker had a market value of $18.9 billion as of Jan. 11.
Taking the company private could help Dell, the third- largest PC maker, accelerate efforts to revive growth and cope with competition without quarter-by-quarter scrutiny from public shareholders. Chief Executive Officer Michael Dell, 47, has been using acquisitions to sell more products to businesses as consumers shun PCs in favor of tablets and smartphones, including devices that run Apple Inc. and Google Inc. software...
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