12-02-2016 00:43 via uk.news.yahoo.com

Dell's $10 billion loans for EMC buy stall

By Michelle Sierra NEW YORK (Reuters) - The commitment deadline on $10 billion of pro-rata loans in a $45 billion financing package backing computer giant Dell’s purchase of data storage products maker EMC Corp has been extended due to a slow order book, a source close to the transaction said. Pro rata loans are primarily sold to banks, and Asian and European lenders are an important component. "Asian banks -- Chinese and Taiwanese -- they have balance sheets and an ancillary connection wi
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