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| Dell nears buyout that could top $24 billion: sources | REUTERS | |
| Dell Inc The buyout consortium is negotiating taking Dell private at $13 to $14 per share, two of the people said. This translates into an equity valuation for the Round Rock, Texas-based company of between $22.6 billion and $24.4 billion. Dell shares were up 2.5 percent at $13.57 in afternoon trading. Michael Dell is expected to take majority ownership of the world's third-largest personal computer maker while Silver Lake and Microsoft Corp The transaction is set to be finalized over the weekend and the timetable could still slip, the people cautioned, asking not to be named because the matter is not public. The investment group, which held negotiations with Dell's camp in New York on Thursday, has secured up to $15 billion of debt financing to take Dell private from four investment banks -- Barclays Barclays is also advising Silver Lake on the transaction, along with Perella Weinberg Partners, said two of the people. JPMorgan Chase & Co Representatives for Dell, Microsoft, Silver Lake and Barclays declined to comment. Perella Weinberg could not be immediately reached for comment. As part of the transaction, Michael Dell will contribute his existing stake of almost 16 percent in the company toward gaining majority ownership, sources close to the matter have said. The deal would mark the largest leveraged buyout since the global financial crisis. Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny. Dell has formed a special committee of its independent directors and hired Evercore Partners Inc |
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| Domestic Market Reports | |
| Weekahead - Shares to track GDP, foreign inflows | 25 May, 2013 |
| US STOCKS-Wall St posts 1st weekly loss since mid-April on Fed angst | 25 May, 2013 |
| US STOCKS SNAPSHOT-Wall St wanes on Fed uncertainty, S&P dips for 3rd day | 25 May, 2013 |
| US STOCKS-Wall St on track for first losing week since mid-April | 25 May, 2013 |
| US STOCKS SNAPSHOT-P&G lifts Dow into positive territory | 25 May, 2013 |
| US STOCKS-Wall St slips on Fed stimulus uncertainty; P&G jumps | 25 May, 2013 |
| European shares toil amid growth and stimulus worries | 25 May, 2013 |
| US STOCKS-Wall St drops on uncertainty about Fed stimulus | 25 May, 2013 |
| US STOCKS-Wall Street slips on angst over longevity of Fed stimulus | 25 May, 2013 |
| US STOCKS SNAPSHOT-Wall Street falls at open as Fed plans gauged | 25 May, 2013 |
| International Market Reports | |
| Goldman unveils checks on conflicts in bid to fix image | 25 May, 2013 |
| Nikkei hits fresh 5-1/2-year high on BOJ optimism, Sony soars | 25 May, 2013 |
| Dimon clings to JPMorgan chairman title, after fight | 25 May, 2013 |
| Nikkei edges up to new 5-1/2-yr high as retail investors pick up bargains | 25 May, 2013 |
| Goldman exits China's ICBC, seven years and billions later | 25 May, 2013 |
| Nikkei hits new 5 1/2-year high on real estate, agricultural shares | 25 May, 2013 |
| Tata Comm to delist from NYSE | 25 May, 2013 |
| Emerging market growth expectations hit 7-month low | 25 May, 2013 |
| Buffett devotees stick by him even as growth slows | 25 May, 2013 |
| Credit Suisse says ex-VP stole trade secrets in move to Goldman | 25 May, 2013 |
| Top Movers | ||
| BSE - May 24, 12:00 AM | A B1 B2 | |
| Company Name | Current |
Change % |
| United Spirits | 2569.50 |
6.55
|
| Amara Raja Batt | 258.80 |
5.98
|
| A B B Ltd. | 661.35 |
5.19
|
| Tata Steel Ltd. | 313.15 |
4.56
|
| Tata Power Comp | 91.40 |
3.75
|
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| Top Movers | ||
| NSE - May 24, 3:31 PM | ||
| Company Name | Current |
Change % |
| Electro Therm ( | 23.90 |
36.57
|
| Vardhman Specia | 23.25 |
26.36
|
| Summit Securiti | 68.80 |
24.52
|
| Eurotex Industr | 14.85 |
23.75
|
| Sah Petroleums | 22.80 |
20.00
|
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| Worst Shakers | ||
| BSE - May 24, 12:00 AM | A B1 B2 | |
| Company Name | Current | Change % |
| Sun Pharmaceuti | 969.65 |
3.67
|
| Esab India Ltd. | 416.65 |
3.10
|
| Bank of India | 299.50 |
2.57
|
| Trent Ltd. | 1049.40 |
2.17
|
| Credit Rating I | 921.50 |
1.83
|
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| Worst Shakers | ||
| NSE - May 24, 12:00 AM | ||
| Company Name | Current |
Change % |
| Lumax Automotiv | 13.25 |
32.57
|
| Bang Overseas L | 12.00 |
18.37
|
| OM Metals Infra | 15.30 |
18.18
|
| Coromandel Engi | 205.00 |
10.87
|
| Gwalior Chemica | 28.00 |
10.54
|
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| Top Volume | ||
| BSE - May 24, 12:00 AM | A B1 B2 | |
| Code | Current |
Volume |
| Unitech Ltd. | 25.30 |
6964330
|
| Housing Develop | 49.15 |
6219138
|
| Jaiprakash Asso | 68.00 |
4155795
|
| Spicejet Ltd. | 37.80 |
4085718
|
| Reliance Commun | 108.30 |
3800527
|
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| Top Volume | ||
| NSE - May 24, 12:00 AM | ||
Code |
Current |
Change |
| Unitech Ltd. | 25.30 |
45728681
|
| Jaiprakash Asso | 68.00 |
34778671
|
| Housing Develop | 49.30 |
24814369
|
| Reliance Commun | 108.30 |
17935459
|
| DLF Ltd. | 211.90 |
14089201
|
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