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Thursday, January 17, 2013

Temasek won't join Silver Lake for Dell buyout - source, (NYSE: BAC), (NASDAQ: DELL)

Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said."It's not happening," the source told Reuters on Thursday, responding to media reports that Temasek is one of the potential investment partners Silver Lake has tapped to join.A Temasek spokesman failed to comment on market speculation.Buyout firm Silver Lake Partners has tapped Credit Suisse , Bank of America Merrill Lynch, Barclays and RBC to finance a potential deal as talks to take Dell private advance, sources have previously told Reuters.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 2.72% or $-0.32/share to $11.46. In the past year, the shares have traded as low as $6.72 and as high as $12.20. On average, 163176000 shares of BAC exchange hands on a given day and today's volume is recorded at 70540648.

Dell Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL traded higher by 1.98% or $0.25/share to $12.86. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 26775600 shares of DELL exchange hands on a given day and today's volume is recorded at 4693270.



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