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Tuesday, Jan 15
Dell's (DELL +7%) LBO price is in a range of $13.50-$14/share, David Faber reports....
Dell's (DELL +7%) LBO price is in a range of $13.50-$14/share, David Faber reports. Interestingly, he adds Silver Lake and other investors are only putting in ~$2B apiece. For that to be true, Dell (current market cap of $22.9B) would be relying on quite a few investors, even after accounting for Michael Dell's 15.7% stake. Shares -0.6% AH. Update: Faber clarifies the equity component of the deal is $2B. He also claims Dell's offshore cash will be repatriated. (Reuters)