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How Dell could help finance its own buyout

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Why banks may be eager to lend Dell $15 billion.

FORTUNE -- Dell Inc. has its major asset—about $11 billion of cash—located primarily outside the United States. That means that it would face a multi-billion-dollar tax bill if it repatriated the money or borrowed against it. Therefore, most people have assumed that Dell's cash is essentially useless when it comes to funding a possible buyout, or helping Dell (DELL) pay its post-buyout MORE


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