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Pompano Beach, FL -- (SBWIRE) -- 02/06/2013 -- Michael Dell, founder of once the largest Pc maker, and private equity company Silver Lake Partners have decided to purchase Dell in a $24.4 billion agreement that would load debt onto the PC-manufacturer, and Standard & Poor’s stated that the deal could cost the firm its investment-grade credit rating.
Dell (DELL), which would also get a $2 billion loan from Microsoft (MSFT) as an element of the agreement, presently holds an A- rating at S&P, which declared that it is keeping the firm on “CreditWatch Negative” on Tuesday.
Where DELL is Headed Exactly? Find out in This Trend Analysis Reports
The status indicates the company’s viewpoint that the leveraged takeover “will substantially damage Dell’s financial risk status.
The possible result is a downgrade to Dell’s (DELL) corporate credit rating to no greater than BB and possibly to a single B level, as per reported by S&P analyst Martha Toll-Reed.
At the current trading session, Dell Inc. (NASDAQ:DELL) shares are up +0.07% to $13.43 while the stocks are trading within the range of $13.39 – $13.44. In the past year, the stock has traded within a range of $8.69 – $18.36. Average daily trading volume is 46.84 million shares.
Will DELL Continue To Move Higher? Find Out Here
If we look at a few other stocks at the tech sector, Atmel Corporation, United Microelectronics Corp and SanDisk Corporation are in the gainer list. Let’s have a quick look on their Market performance.
Atmel Corporation (NASDAQ:ATML) shares are up +0.07% to $7.07 while the stock is trading within the range of $7.01 – $7.10 in the current trading session. In the last 12 months the shares have traded between $4.37 and $10.74. The average daily trading volume is 6.42 million shares.
Why Should Investors Buy ATML After The Recent Gain? Just Go Here and Find Out
United Microelectronics Corp (ADR) (NYSE:UMC) shares in the current session moved up +1.31% reaching $1.93. The stocks are trading in a range of $1.89 – $1.94. In the last year the stock has moved within a range of $1.75 – $2.77. The Company’s average daily trading volume is 3.31 million shares.
For How Long UMC’s Gloss will Attract Investors? Find out via this report
Another rival company, SanDisk Corporation (NASDAQ:SNDK), is trading up +1.08% to $50.33. Intraday trading recorded the stock price in a range of $49.55 to $50.57. In the previous 52 weeks the stock’s price ranged between $30.99 and $51.80. Their average daily trading volume is 4.50 million shares.
What was the Moving Force behind SNDK On Bullish Run? Read This Research Report
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