The technology product-maker giant – Dell – has been given the support from the Institutional Shareholder Services Inc. regarding the buyout plan that has been in talks for the past few days. A billionaire named Carl Icahn, has offered a $24.4 billion acquisition plan to Michael Dell, where Icahn himself owns around 8% of the company’s stake.
The buyout offer seems to be catchy to many shareholders and some senior executives of the company; however, the final decision has not been made yet as Mr. Icahn says that he would further sweeten the deal in a day or two by offering something more valuable. The share price of the computer maker firm was hovering to around $13.00 a share in the past few days, but the investors seem to be taking this acquisition news as a good sign and have started longing the company’s share. The share price went till the 13.36 area where it closed nearly around 13.35 level, where traders are suggested to be ready to long it as soon as the deal gets done or may be set some pending orders just above yesterday’s high.
Amazon – Ever-increasing Worth
The share price of the most popular online retailer tested the critical level of $300 a share on Thursday, where it bounced back from that level and closed just below that level. The investors are going bullish on Amazon as they are hearing the news that Apple is working on to increase the prices of the e-books with multiple publishers that it works with. Therefore, the investors are taking this act as a good sign for Amazon, as the share price has already gained 20% this year.
Investors might be longing on Amazon shares if the share price manages to close above the psychological level of $300, which may be possible within a few days.
YUM Struggles in China over Bird-Flu Fears
YUM – which covers KFC, Pizza Hut and Taco Bell under its umbrella – has been facing a non-satisfactory year so far in China as the net income has plunged to $281 million in the 2nd quarter and around 20% of the store sales have declined. The key reason behind is the food-safety scandal along with the concerns regarding a new spell of bird flu virus in the country. The sales and of course the profits from its key division – KFC – have fallen badly in China but the share price is still firm despite such concerns from this large economy.