Dell shares fall as investors bet against higher buyout bid

Home Forums Dell shares fall as investors bet against higher buyout bid

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    Anonymous

    Technology News

    File photograph of a man pushing a trolley full of Dell computers in Sriperumbudur Taluk(Reuters) – Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. A deteriorating outlook for the PC industry has made a deal more challenging, and the buyout group is currently not planning to increase its $13.65 per share offer to take Dell private, people familiar with the matter said on Wednesday. …


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