Hot Tech News: Dell Inc, eBay Inc, Citigroup Inc

NEW YORK, March 25, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Dell Inc, eBay Inc, Citigroup Inc.

Hectic activity is building up in the battle for Dell Inc.(NASDAQ:DELL - News). Both activist investor Mr. Icahn and private equity firm Blackstone Group have submitted proposals valued at more than $13.65 a share, the offer made by the company’s founder, Michael S. Dell, and Silver Lake Partners.

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The computer maker’s special board committee chairman, Alex Mandl has said: “We are gratified by the success of our go-shop process that has yielded two alternative proposals with the potential to create additional value for Dell shareholders. We intend to work diligently with all three potential acquirers to ensure the best possible outcome for Dell shareholders, whichever transaction that may be.”

Blackstone, with two technology investment firms, Francisco Partners and Insight Venture Partners, is placing a bid of more than $14.25 a share and shareholders would have the options to sell their entire stakes. What part of the company would remain public is not clear.

Mr. Icahn is proposing a bid of $15 a share for 58 percent of the company. Shareholders would be allowed to sell only part of their holdings. While Mr. Icahn would have a 24.1 percent stake in the company, Southeastern would have 16.6 percent and T. Rowe Price, would have 9.3 percent.

eBay Inc (NASDAQ:EBAY - News) shares declined 3.17% to $51.59 in the morning hour. Jefferies believes eBay could raise its long-term financial targets during the company's analyst day on March 28 given good momentum in all of its businesses. The firm views the recent weakness in the stock as a buying opportunity and reiterates a Buy
rating on the stock with a $62 price target.

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Additionally, the company, on Mar. 19, said it will overhaul fees for sellers on its online marketplace, lowering them for many sellers as it steps up competition with Amazon.com Inc. EBay is simplifying its "final value fees" with the
percentage fee levied on each sale determined by product categories. Currently, the percentage fee is based on an item's price.

Citigroup Inc. (NYSE:C) stock fell 0.38% to $45.08. Citibank Bahrain on Mar. 22 announced the launch of "Biggest Ever Cash Back" campaign for their credit card members. This is a unique and innovative balance transfer promotion which assists customers to pay off their other card balances and book them with a Citibank Credit Card at a much lower interest rate.

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Additionally, the company, on Mar. 14, disclosed in a regulatory filing that Chief Executive Michael Corbat received $12.4 million in total compensation last year. The sum includes compensation awarded in previous years, but paid out in 2012. Citi had already disclosed Mr. Corbat received $11.5 million for 2012 alone. Mr. Corbat
was made CEO in October. His 2011 compensation was valued at $10.7 million, Citi said in its proxy filing with the Securities and Exchange Commission.

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