Showing posts with label Dell buyout. Show all posts
Showing posts with label Dell buyout. Show all posts
Tuesday, January 15, 2013

Dell buyout talks in advanced stage, banks lineup

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NEW YORK/S . fransisco: Foretells take Dell private have reached a complicated stage with four or five major banks arranged to supply financing, two sources with understanding of the problem told Reuters, propelling shares with the No. 3 computer maker 7 percent higher.

 Buyout firm Silver Lake Partners, which is leading the offer, tapped Credit Suisse, Bank of America Merrill Lynch , Barclays and RBC late last year to advance a potential deal, the sources said on condition of anonymity, because details have not been printed.

JPMorgan is advising Dell with a potential buyout in the $19 billion company, which will be on the list of largest deals since the global recession. It will likewise allow Dell, which includes been seeking to become a one-stop search for corporate technology needs as being the PC market shrinks, to conduct that difficult makeover faraway from public scrutiny.
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