The board of personal-computer maker Dell has approved a plan to buy back up to $5 billion in stock, The Wall Street Journal reports. The deal consists of repurchase of almost 19 percent of the company’s current market value. The buy back is in addition to the $2.16 billion remaining from a previous authorization. Dell currently holds nearly 15 percent of the company’s outstanding shares. Dell’s stake is expected to go up by about 5 percentage points, assuming the company purchased back the whole of its authorized repurchase programs at existing levels
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