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Dell's (DELL +7%) LBO price is in a range of $13.50-$14/share, David Faber reports....
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Tuesday, January 15, 4:46 PM ETDell'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)
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This news story has 5 comments:
Faber said just this morning that there would be no deal on Dell.
Faber reports......(and does a very good job at it, IMHO)
Crammer recommends.....(and has a really lousy track record)
If you are using either one of them as information sources on which to trade, you deserve to get hosed.
he throws stuff at the wall and hope it sticks
if he is wrong there are never mea culpas
Forget about the $12 - $13 range.
That is history now.