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US shares rebound, but Dell falls on deal to go private

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(Globalpost/GlobalPost)

US shares rebounded in opening trade Tuesday after the previous day's sharp correction, but Dell sank 2.6 percent after the company announced a plan to take itself private and de-list from the Nasdaq.

Five minutes into trade, the Dow Jones Industrial Average added 75.55 points (0.54 percent) to 13,955.63.

The S&P 500 index gained 9.28 (0.62 percent) to 1,504.99, while the tech-rich Nasdaq Composite picked up 10.44 points (0.33 percent) to 3,141.61.

Dell shares dropped 2.64 percent to $13.27 after announcing a $24.4 billion deal to go private, valuing the company at $13.65 a share.

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http://www.globalpost.com/dispatch/news/afp/130205/us-shares-rebound-dell-falls-deal-go-private