Dell Inc Closer To Buyout As Price Talks Narrow-Reuters

Reuters reported that according to a person familiar with the matter, Dell Inc moved closer to a nearly $24 billion buyout 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, and a consortium led by its founder and chief executive, Michael Dell, to take the Company private were in the final stages, cautioning that no final agreement had been reached and negotiations could still break down. According to source Microsoft Corp, is expected to invest around $2 billion in the deal, while private equity firm Silver Lake is expected to put in about $1 billion. The source added, Michael Dell is expected to roll over his roughly 16% stake and put in some of his own money so he has control of the Company.