Dell's Wasted Billions Explain Fuzzy Math on Deal: Street Whispers
NEW YORK (TheStreet) -- Skeptics of Dell's leveraged buyout might be at a loss to understand how the math adds up in the proposed $24.4 billion takeover deal, the largest since the financial crisis.
Still, few investors or analysts appear to be concerned that the debt-fueled buyout of Dell by a consortium led by founder Michael Dell, private equity firm Silver Lake Partners and Microsoft will fall through, even amid concern the $13.65-a-share cash offer provides a light payout to current shareholders.
Those who are staring at their calculators and remain mystified by the reported $17
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