Dell (NASDAQ:DELL): Current price $13.29
The news that PC sales fell sharply in the first quarter did a number on the proposed Dell deal: The Blackston Group dropped out — far from making a better offer to shareholders — which had been a potential wrinkle in the plans of Michael Dell and Silver Lake, and suddenly there is chatter that the latter might also bail. However, Peter Burrows and Jeffrey McCracken at Bloomberg opine that Silver Lake will not do such a thing, because the private equity firm would then be liable for a $750 million break-up fee. Morover, Burrows and McCracken are reporting that ” Neither Silver Lake nor the banks financing the buyout – Barclays, Bank of America Corp., Royal Bank of Canada and Credit Suisse Group — have expressed a desire to get out of the deal.”
Power-One (NASDAQ:PWER): Current price $6.35
The proposed sale of Power-One to ABB is being looked into by the former Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor for shareholders. Through the terms of the proposed deal, which is valued at about $1 billion, Power-One shareholders would receive $6.35 in cash for each share of Power-One stock owned. But now, the Power-One sale inquiry is focused upon whether Power-One’s shareholders are receiving adequate compensation for their shares, whether the transaction undervalues Power-One’s stock, and also whether Power-One’s board tried to obtain the highest share price for all shareholders before okaying to the deal.
Halliburton Company (NYSE:HAL): Current price $38.76
Halliburton said Monday that it is in discussions to resolve private allegations against it in a trial to find how to allocate blame for the 2010 Gulf of Mexico spill, while it took a $1 billion pretax charge for a possible deal. The news of talks came only days following the conclusion of court proceedings for the first phase of the trial over claims brought by the United States government and Gulf Coast states, as well as private parties affected by the oil spill.
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