Dell: Bernstein, Maxim Cut to Hold on LBO Price; Buy for Higher Bid, Says Topeka
There continues to be disagreement on the Street as to whether the leveraged buyout of Dell (DELL) proposed by CEO Michael Dell will succeed at the offer price of $13.65. Toni Sacconaghi with Bernstein Research cut his rating on the stock today from Outperform to Market Perform, while keeping his $15 price target, writing that [...]
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