Dell LBO Reportedly Close
The Wall Street Journal said the deal was still being worked on late Sunday
By: Maureen O'Gara
Feb. 4, 2013 01:12 PM
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.
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