Computation: Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal. Dell Inc. laid out the advantages of the transaction in a regulatory filing this morning, three days after a major shareholder ridiculed the buyout as a rotten deal that undervalues the business. Read the full story here.
In the midnight hour: With decades ahead of them in the job market, more than half of Millennials stay awake at night chewing over all manner of worries, according to a new study. As the Los Angeles Times reports, 18- to 33-year-olds actually stress out more than older generations, according to the American Psychological Association study. Slightly more than 50% said that overwhelming worries disrupted their sleep in the past month. The full story is here.
Walk me out in the morning dew: PepsiCo Inc. says it is rolling out a new drink called Kickstart this month that has Mountain Dew flavor but is made with 5% juice and vitamins B and C, along with an extra jolt of caffeine. The company is hoping to boost sales by reaching Mountain Dew fans at a new time of day: morning. PepsiCo says it doesn’t consider Kickstart to be an energy drink, noting that it still has far less caffeine than beverages like Monster and Red Bull and none of the mysterious ingredients that have raised concerns among lawmakers and consumer advocates. Read the full story here.
