News Breaks |
|
|
| February 1, 2013 |
| 09:29 EDT |  | DELL | Dell gaps up after Reuters reports take-private deal may happen Monday
The shares last traded at $14, up from yesterday's close at $13.24. At this price, next resistance is at $14.49, and then $15.04. Support is at $13.75. |
|
|
News For DELL From The Last 14 Days Check below for free stories on DELL the last two weeks. |
|
|
| May 14, 2013 |
| 08:19 EDT |  | DELL | David Tepper says Dell in tough business, no position in company
|
|
| 05:44 EDT |  | DELL | Banks work deals from both sides of the field, WSJ reports
 Subscribe for More Information |
|
| May 13, 2013 |
| 16:49 EDT | | DELL | Icahn, Southeastern to nominate several parties to Dell board
Subscribe for More Information |
|
| 16:25 EDT |  | DELL | On The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. |
|
| 12:20 EDT | | DELL | On The Fly: Midday Wrap
Subscribe for More Information |
|
| 07:22 EDT | | DELL | Dell special committee asks for more info from Icahn, Southeastern Asset
Subscribe for More Information |
|
| 07:17 EDT | | DELL | Dell special committee asks for more info from Icahn, Southeastern Asset
|
|
| May 12, 2013 |
| 18:35 EDT | | DELL | Carl Icahn's newest offer could be better deal for Dell holders, Barron's says
Subscribe for More Information |
|
| May 10, 2013 |
| 16:29 EDT | | DELL | On The Fly: Closing Wrap
Subscribe for More Information |
|
| 13:07 EDT | | DELL | Dell committee says 'carefully reviewing' Icahn, Southeastern proposal
Dell's Special Committee issued a statement regarding a proposal it has received from Carl Icahn and Southeastern Asset Management. The statement read: "Mr. Icahn and Southeastern have outlined a potential leveraged recapitalization transaction that they want the Dell Board either to recommend at this time or to consider if the existing going-private transaction is rejected by Dell shareholders. They have also proposed replacing the Board with a slate of new directors who they say would approve such a transaction. Consistent with the Special Committee’s goal of achieving the best possible outcome for all shareholders, we and our advisors are carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders." |
| |
| 13:05 EDT | | DELL | Dell committee says 'carefully reviewing' Icahn transaction
Subscribe for More Information |
|
| 12:51 EDT | | DELL | Carl Icahn: 'I've made fortunes going against Jim Chanos'
Subscribe for More Information |
|
| 12:47 EDT | | DELL | Icahn says if board is elected, Michael Dell won't run Dell
Subscribe for More Information |
|
| 12:46 EDT | | DELL | Icahn says would personally put up over $2B for Dell bridge loan if needed
Carl Icahn is speaking on CNBC. |
|
| 12:42 EDT | | DELL | Icahn says 'not looking to make a dollar' on Dell shares
Carl Icahn is speaking on CNBC. |
|
| 12:39 EDT | | DELL | Icahn says proposing full slate of 12 Dell board members on Monday
Carl Icahn is speaking on CNBC. |
|
| 12:37 EDT | | DELL | Icahn says Dell needs change in culture
Carl Icahn is speaking on CNBC. |
|
| 12:31 EDT | | DELL | On The Fly: Midday Wrap
Subscribe for More Information |
|
| 06:15 EDT | | DELL | Icahn reports 4.52% stake in Dell, sends buyout proposal to board
Carl Icahn disclosed a 4.52% stake in Dell as well a letter sent to the company's board offering an alternative buyout proposal. The letter stated in part, "We are a group of Dell Inc. shareholders that own in the aggregate approximately 13% of the outstanding shares of Dell Inc. From the announcement of the Agreement and Plan of Merger, dated as of February 5, 2013 we have stated repeatedly that we believe that the Going Private Transaction is not in the best interests of Dell shareholders and substantially undervalues the company. As a result, we will vote against the Going Private Transaction." The group's proposal gives shareholders the right to continue as owners and keep their existing equity position in Dell. The shareholders would also be given the opportunity to elect to receive a distribution of $12 per share in cash or $12 in additional shares valued at $1.65 per share. Icahn and Southeastern said they would both elect to receive additional shares rather than cash. Both investors said financing for their proposal would be obtained from Dell's existing cash and $5.2B in new debt. Icahn and Southeastern believe their proposal is superior to Dell's going private transaction. |
|
| 06:08 EDT | | DELL | Carl Icahn discloses 4.52% stake in Dell, proposal letter to board
Subscribe for More Information |
| |
|
|
|
|
