(Updates from 2:00 p.m. ET with closing information.)
NEW YORK (
shares rose 2.9% to $14.55 on Monday after news came that the PC maker received
A consortium of investors led by
submitted an offer of $14.25 a share for the company that would allow shareholders to receive either a cash payment at that value or continue to own their publicly traded holding.
Insight Venture Management
will participate in the Blackstone investor group.
In addition to the Blackstone bid, Dell also received a bid of $15 a share from Carl Icahn's holding company,
shares fell 3.76% to $14.35 after
the stock following a weak launch of the Z10 smartphone in the U.S.
Analyst Simona Jankowski removed the Waterloo, Ontario-based technology firm from Goldman's Americas Buy List due to a disappointing launch at
; the overall consensus had moved higher on BlackBerry since Goldman added the company to the Buy List in late November. Since the Nov. 29 add, shares are up 34%, compared with a 10% climb in the
. Jankowski downgraded the stock to "neutral," and lowered the price target to $17 from $19.
"We now assign a 20% probability of success for BB10, down from 30% previously, as the disappointing launch of the Z10 at AT&T reduces our confidence that sell-through of the BB10 will be successful in the important US market," Jankowski wrote in her report.
shares rose 0.64% to $23.41 as the company
, a mobile product company designed to get information faster, easier and more concisely to users.
"Summly solves this by delivering snapshots of stories, giving you a simple and elegant way to find the news you want, faster than ever before. For publishers, the Summly technology provides a new approach to drive interest in stories and reach a generation of mobile users that want information on the go," Yahoo! wrote on its blog.
The price of the deal was not disclosed, but
reported the purchase price was $30 million for the London-based start-up.
: DELL closed up 2.6%, or 37 cents, at $14.51. BBRY fell 4.6%, or 68 cents to $14.23. YHOO rose 0.5%, or 12 cents, to $23.38.
Written by Chris Ciaccia in New York