Market Overview

Dell to Go Private

Shares of Dell (NASDAQ: DELL) were halted on circuit breaker Monday after Bloomberg reported that the company was in talks to go private. Before being halted, shares had spiked about 10 percent.

Dell had been one of the worst performing stocks of 2012, dropping well over 20 percent in the past year. Concerns about PC sales have hindered shares, as consumers have shifted demand away from Dell's bread and butter desktop PCs and laptops, favoring mobile devices like tablets and smart phones.

The company's founder and CEO, Michael Dell, owns about a 16 percent stake in the company.

Posted-In: News Management M&A Movers Tech Trading Ideas Best of Benzinga

 

Most Popular

Related Articles (DELL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional