Dell (DELL) shareholders might be getting more than they bargained for, and in a good way. Should the latest reports prove accurate, the potential buyout price for the PC and server maker keeps going up.
If you own the stock, you're getting a more generous gift than what you might have been offered a couple of weeks ago. Now, the possibility is being discussed that Dell, the subject of takeover rumors since mid-January, could be sold for $15 to $16 a share. The New York Post, which reported on the possibly elevated range, said an acquisition may be announced by Sunday or Monday. That would put a price of about $24 billion on the Round Rock, Texas, company.
Dell founder Michael Dell is said to be trying to reach an agreement with Silver Lake Partners to buy the company and turn it private. Published reports have also indicated Microsoft (MSFT) will likely take a minority stake. Michael Dell himself is the largest Dell holder, with more than 273 million shares, or 15.7% of the stock,Read More »from Dell Investors May Be Getting a Gift — Relatively Speaking