TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Dell's stock soars on report of possible buyout

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

DELL $12.29 +$1.41

at close on MONDAY

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Tuesday, Jan. 15, 2013, 12:01 a.m.
 

Dell's stock soared 13 percent Monday on a report that the struggling personal computer maker is in talks to take the company private.

Bloomberg News said Dell has discussed a potential sale with at least two firms that specialize in buying companies whose stocks have fallen out of favor. The report didn't name the interested firms.

Dell Inc., based in Round Rock, Texas, declined to comment.

Any effort to take the company private would probably require the backing of Dell CEO and founder Michael Dell. He is the company's largest shareholder with a 15.7 percent stake.

A buyout would be expensive, despite a 30 percent drop in Dell's share price during the past year. Before buyout speculation drove up the stock price Monday afternoon, Dell's market value stood at about $19 billion.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. 10 of Jon Stewart’s highlights from ‘The Daily Show’
  2. U.S. asks Supreme Court to reinstate convictions of portfolio managers who won on appeal
  3. Police: Escaped Armstrong County inmate armed, dangerous homicide suspect
  4. Warrant issued for man accused of killing Brookline woman
  5. How to unsend an email
  6. Pirates’ Burnett endures another poor start in blowout loss to Reds
  7. Inside the Steelers: Rookie linebacker Chickillo continues to excel
  8. Man wounded in Marshall-Shadeland shooting
  9. Pirates bolster bullpen by trading for former closer Soria
  10. Facebook ready to test giant drone
  11. Cost-cutting at Kraft Heinz extends to refrigerator