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.