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Economy
In reply to the discussion: Weekend Economists Discover the Blue Men January 18-21, 2013 [View all]jtuck004
(15,882 posts)56. Speaking of pirates...
Dell: From PC King to Buyout Fodder
...
Silver Lake Partners was in discussions Tuesday with Dell for a leveraged buyout at around $13 to $14 a share, according to a person familiar with the matter. The buyout group would include the private-equity firm, at least one other investor such as a pension or sovereign wealth fund, and Mr. Dell, this person said.
Timeline: Dell's Ups and Downs
...
In an LBO, an investor group finances the purchase of a company mostly with debt; the borrowings ultimately are repaid with funds generated by the company's operations or the sale of its assets.
...
The group would also use some cash on Dell's balance sheet, while taking on new debt of about $15 billion, to meet an equity purchase price of roughly $22 billion to $25 billion. The person said advisers are trying to bring the negotiations to a close quickly, either way.
Behind the possibility of a buyout is the fact that Dell's market capitalization, which once topped $100 billion, had shriveled to about $19 billion before news of the talks broke, as the company's businessand the broader PC marketshifted and slowed.
Here.
So business is going downhill, but Silver Lake can find someone with a few billion to invest, borrow $15 billion against a slowing future business, put every asset those people have worked for for years at risk, and insure really nice paychecks for themselves without doing any of the labor that creates the income.
Junk bond purveyors.
>> "...who attack to loot and pillage the goods and populations...".
Wonder what other assets provided by those who did the work there are for them to plunder?
If we can secure weapons, can we then ban people who are not invested in companies from playing with the lives of millions of others just because they can borrow some money they will never be held responsible for?
Or maybe just limit it to three, instead of a drum magazine of a hundred of these bastards?
Silver Lake
Silver Lake in the Community (Copied from their web page - should make mothers take their kids home).
FIRM OVERVIEW
Founded in 1999, Silver Lake is a global private investment firm with approximately $14 billion in assets under management. With offices in Menlo Park, New York, London, San Francisco, Hong Kong and Tokyo, Silver Lake employs over 90 investment professionals across its strategies. The firm's investing strategies derive from specialization in four primary areas:
Silver Lake Partners Large Cap Technology
Silver Lake Sumeru Middle Market Technology
Silver Lake Credit Debt Investing
Silver Lake Kraftwerk Energy and Resource Innovation
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