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Friday, February 8, 2013

Dell says proposed offer shifts risks of business to buyer group, (NASDAQ: DELL)

Dell Inc on Friday, responding to independent investment fund Southeastern Asset Management, said the proposed takeover deal offers immediate premium for stockholders and shifts the risks facing the business to the buyer group. "The Board concluded that the proposed all-cash transaction is in the best interests of stockholders," Dell said in a statement.

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 0.74% or $0.1/share to $13.63. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 37628600 shares of DELL exchange hands on a given day and today's volume is recorded at 56958864.