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Monday, February 4, 2013

Dell closer to buyout as price talks narrow-source, (NASDAQ: DELL)

Dell Inc moved closer to a nearly $24 billion takeover deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis.Talks between Dell, the world's No. 3 computer maker, and a consortium led by its founder and chief executive, Michael Dell, to take the company private were in the final stages on Monday, a person familiar with the matter said.An outcome is expected soon, the person said, cautioning that no final agreement had been reached and negotiations could still break down.Dell shares fell 2.6 percent to $13.27 in afternoon trading.

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 fell by 2.54% or $-0.3467/share to $13.28. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 31243500 shares of DELL exchange hands on a given day and today's volume is recorded at 31766184.