Computer maker Dell Inc said it agreed to sell itself to Michael Dell, its founder and chief executive, and private equity firm Silver Lake, in a $24.4 billion deal.
Below are comments on the deal from analysts:
SHEBLY SEYRAFI, ANALYST, FBN SECURITIES:
"This is an opportunity for Michael Dell to be a little more flexible managing the company. That doesn't take away from the fact they will have challenges in the PC market like they did before."
PHIL SILVERMAN, MANAGING PARTNER, KINGSVIEW CAPITAL, NEW YORK:
"I think it's (the amount) very reasonable, given that when rumors really started to hit, the stock was trading at around $10, so it's a 30 percent premium from back then. Given that it's Michael Dell taking the company, I wouldn't expect him to pay some big premium anyway especially given the size of the deal. This gives him flexibility. The market wasn't valuing the company at where he thinks it should be worth and who knows that better than him."
(Reporting By Jennifer Saba and Angela Moon; Compiled by Dan Wilchins)