Dell (DELL) Shares Volatile as Another Bidding War Takes Shape
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Price: $13.41 --0%
Overall Analyst Rating:
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Dividend Yield: 2.2%
Revenue Growth %: +2.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.2%
Revenue Growth %: +2.1%
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Dell Inc. (Nasdaq: DELL) is seeing a little relief this afternoon as it may have been outbid for Quest Software (Nasdaq: QSFT), possibly getting shareholders off the hook.
After Quest announced last week that it has received a $25.50 'superior proposal' from a 'strategic buyer' - that was likely Dell -, reports today suggest original bidder Insight is back with an even bigger bid.
With a price tag of $2.5 billion, Dell shareholders are feeling good today. However, with memory of an all-out bidding war 3Par in 2010, Dell holders should not get too comfortable.
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After Quest announced last week that it has received a $25.50 'superior proposal' from a 'strategic buyer' - that was likely Dell -, reports today suggest original bidder Insight is back with an even bigger bid.
With a price tag of $2.5 billion, Dell shareholders are feeling good today. However, with memory of an all-out bidding war 3Par in 2010, Dell holders should not get too comfortable.
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