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Dell looks to calm shareholder concern over buyout

Published on NewsOK Modified: February 11, 2013 at 6:48 am •  Published: February 11, 2013
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Dell said Monday that the deal "shifts the risks facing the business to the buyer group."

The proposed $24.4 billion purchase price is 80 percent below Dell's top market value of more than $150 billion at the peak of the dot-com boom 13 years ago. The $13.65 per share offer is 25 percent above where Dell's stock stood last month, before word of the buyout negotiations leaked out in the media. Dell's stock has plunged during the past year as PC sales have slumped amid the technological upheaval caused by the growing popularity of smartphones and tablet computers.

Dell shares were steady at $13.63 in premarket trading two hours before the opening bell.