Breaking News from CNBC's David Faber: Price for a Dell Deal Would Be Between $13.50-14 A Share

When: Today, Tuesday, January 15th Where: CNBC's "Closing Bell with Maria Bartiromo" Following is breaking news from CNBC's David Faber. Additionally, here is a link to the story and embeddable video on CNBC.com: http://www.cnbc.com/id/100382134. All references must be sourced to CNBC.

DAVID FABER: THANKS VERY MUCH MARIA. JOINING YOU ON THE PHONE FROM MIDTOWN. DO WANT TO FILL IN SOME GAPS THAT WE HAVE IN TERMS OF OUR UNDERSTANDING OF WHAT EXACTLY IS GOING ON WITH THIS POTENTIAL LEVERAGED BUYOUT OF DELL AND I THINK I CAN DO THAT THIS AFTERNOON. ONE KEY QUESTION WE'VE HAD OF COURSE SINCE WE FIRST HEARD THIS NEWS YESTERDAY IS HOW DO THEY DO IT ON THE SIZE OF THE EQUITY CHECK BUT MY UNDERSTANDING IS AS FOLLOWS. THE EQUITY CHECK FROM SILVER LAKE AND POTENTIALLY AT LEAST ONE OTHER INVESTOR WOULD ONLY BE AROUND $2 BILLION. WHY IS THAT? WELL THAT IS THE BECAUSE DELL IS GOING TO BRING BACK CASH FROM OVERSEAS POTENTIALLY REPATRIATE A BIT OF IT FOR A DECENT AMOUNT OF THE CASH, MY UNDERSTANDING. IT IS SEEN AS SOMETHING THAT IS POSSIBLE TO BE DONE DESPITE HAVING TO PAY THOSE TAXES. THAT OF COURSE WILL LOWER THE OVERALL PRICE, LOWER THE DEBT BUT MORE IMPORTANTLY PERHAPS LOWER THE EQUITY CHECK THAT WOULD BE NEEDED TO TAKE… …WHICH IS THE PRICE TALK THAT I'M HEARING FROM SOURCES IS BETWEEN $13.50 AND ROUGHLY PERHAPS MIGHT GO AS HIGH AS $14 A SHARE FOR DELL. AND THE DEAL ITSELF MAY BE AS LITTLE AS A WEEK OR TWO AWAY FROM GETTING DONE. SO A WEEK OR TWO AWAY FROM GETTING DONE, PERHAPS $13-$14 A SHARE, AGAIN THAT IS STILL BEING NEGOTIATED. AS IS EVERYTHING INVOLVED HERE AGAIN, IT'S NOT A DONE DEAL BY ANY MEANS BUT IT IS CERTAINLY MOVING TOWARDS POTENTIAL FINISH WHERE MICHAEL DELL AND HIS PARTNERS AT SILVER LAKE AND ONE PERHAPS OTHER INVESTMENT FIRM OR OTHER INVESTORS WOULD TAKE DELL PRIVATE IN OF COURSE AN ENORMOUS LEVERAGED BUYOUT. THEY HAVE BEEN TALKING BY THE WAY ABOUT AT LEAST THIS AS A POSSIBILITY, I AM TOLD, SINCE THIS SUMMER. WORKING WITH…WHICH WE REPORTED AND OTHERS HAVE IS JPMORGAN. AND YOU WOULD ALSO HAVE AN INVESTMENT BY MR. DELL NOT JUST OF HIS CURRENT 15 PLUS PERCENT STAKE IN THE COMPANY BUT HE WOULD ACTUALLY ACCESS OUTSIDE FUNDS AS WELL TO INJECT FRESH CAPITAL IN A LEVERAGED BUYOUT. AGAIN, THAT WOULD BRING DOWN THE OVERALL EQUITY CHECK WHICH HAS BEEN CERTAINLY ONE OF MY KEY QUESTIONS AND THEN THE OTHER PEOPLE WHO HAVE WATCHED THIS, HOW DO YOU GET A DEAL DONE WHEN YOU NEED $4 OR $5 BILLION? WELL IT'S NOT GOING TO BE THAT MUCH MONEY. AS FOR THE DEBT FINANCING WHICH COULD APPROACH AS MUCH AS $15 BILLION SOURCES TELL ME THAT THEY THINK IT WOULD BE OVERSUBSCRIBED. THAT THEIR CONVERSATIONS THAT THEY'VE HAD WITH BANKS MANY OF WHOM HAVE BEEN REPORTED TODAY WOULD IN FACT RESULT IN AN OVERSUBSCRIBED DEBT DEAL MARIA.

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