Showing posts with label Dell buyout talks. Show all posts
Showing posts with label Dell buyout talks. 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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