Tuesday, Jun 28, 2016
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Dell stock soars over private buyout report

ROUND ROCK, Texas — Dell Inc.'s stock soared 13 percent Monday on a report that the struggling personal computer maker is in talks to take the company private.

Citing unidentified people familiar with the situation, Bloomberg News said Dell has discussed a potential sale with at least two firms that specialize in buying companies whose stocks have fallen out of favor. The report didn't name the interested firms.

Dell, in Round Rock, Texas, declined to comment.

Any effort to take the company private would probably require the backing of Dell CEO and founder Michael Dell, the company's largest shareholder.

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