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Article

Dell LBO Reportedly Close

The Wall Street Journal said the deal was still being worked on late Sunday
By Maureen O'Gara
Article Rating:
February 4, 2013 01:12 PM EST
Reads:
 3,099

Dell is close to going private according to what CNBC's David Faber said early Monday morning.

Faber puts the price at $13.50-a-share, 14 bucks at most, and said it could be done by Tuesday - or even Wednesday, according to Fortune. The Wall Street Journal said the deal was still being worked on late Sunday. The New York Post claimed it could go for $15-$16 a share.

Dell closed at $13.63 Friday.

Microsoft, as previously reported, is still supposed to kick in $2 billion for a non-equity position that can dictate Dell's use of Windows products and so is Silver Lake with a bit little less than $15 billion in debt coming from four banks.

Then there's Michael Dell's stock and Dell's own overseas money cache, which could be tapped.

Published February 4, 2013 – Reads 3,099
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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