Dell Inc. (NASDAQ:DELL): Michael Dell and Silver Lake may not quite be out of the running, at least yet. Some of Dell’s largest investors that have abstained so far in Dell’s and Silver Lake’s bid to take the company private have apparently told Dell’s board that they will support the buyout group’s increased offer of $13.75 a share, which could be all that is needed for the duo to win out if the record date for shareholders is amended. The shareholder vote is slated for Friday.
Ford Motor Co. (NYSE:F): Ford’s sales leapt 11 percent to 193,715 vehicles, with its namesake sales up 11.9 percent during the month and Lincoln taking a 0.8 percent dive. Trucks grew a significant 20 percent, SUVs saw gains of 9.3 percent, while cars grew a healthy 4.4 percent. By model, the Fiesta saw huge gains of 88.9 percent, the Taurus swelled 21.3 percent, and the F-Series was no slouch with 22.6 percent gained. The company pointed out that sales were strong in the coastal regions, and touted the ability of its small car portfolio to attract new customers.
Citigroup (NYSE:C): A judge has approved a $590 million settlement that Citigroup will make to shareholders, who accused the bank of understating the risks associated with assets backed by subprime mortgages and overstating the value of the assets. Though the two sides reached an agreement that Judge Sidney H. Stein ruled as being fair, the lead plaintiffs’ lawyers will receive $73.6 million, rather than the $100 million requested.
Herbalife Ltd. (NYSE:HLF): Pershing Square Capital is planning to file an SEC complaint regarding recent trading in shares of Herbalife over the issue of whether other hedge funds are attempting to manufacture a short-squeeze, which if true, would amount to illegal stock manipulation. Additionally, CNBC’s Scott Wapner reported on Wednesday that George Soros has taken a large position in the company.
Vodafone (NASDAQ:VOD): Vodafone has announced that its Northern & Central Europe and Southern Europe units will be merged to create a single Europe division with Phillip Humm, currently the CEO of the Northern & Central Europe unit, to be the CEO of the merged entity. Southern Europe CEO Paolo Bertoluzzo will run the Africa, Middle East, and Asia-Pacific operations. Vodafone will be adding Turkey as an expanded “Group Commercial” unit encompassing a variety of sales, marketing, and customer support activities.
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