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Latest Business News: How Far Will Dell Shares Fall If the Buyout Proposal Fails?

Wochit 1:21 mins

If all goes as expected, shareholders of struggling computer company Dell will finally have a chance to vote on the $24.4 billion leveraged buyout proposed by CEO Michael Dell and private equity firm Silver Lake. However, If shareholders reject the buyout, Dell shares would likely fall, and probably by a lot. The stock of DreamWorks Animation was down more than 6 percent in early trading as Wall Street observers debated the impact that the weak weekend opening of Turbo would have on the company's financials. Lazard Capital Markets analyst Barton Crockett wrote that "DreamWorks Animation's Turbo had a big domestic box office miss," As a result, he cut his U.S. revenue total estimate to $100 million from $166 million. Turbo earned $22.5 million across 28 countries in its opening weekend, including an estimated $8.5 million in Russia, $3.4 million in Mexico and $1.9 million in Brazil British luxury carmaker Jaguar will launch new affordable models from 2015 in a bid to emulate the success of lower cost luxury vehicles made by its sister company Land Rover.

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