Report: Dell Now Mulling Two New Buyout Offers
March 25, 2013 9:52 AM
comment(s) - last by
Other proposals would mean Dell Inc. would remain a public company
We've been following the saga of Michael Dell and a consortium of other companies who have been attempting to purchase Dell Inc. and take the company private. Michael Dell, Microsoft, and the Silver Lake Group made an offer to Dell's board to purchase the company at $13.65 per share. This deal would see Michael Dell putting up his 14% ownership as part of the deal and remaining on as CEO.
While early reports indicated that the
from Michael Dell and the other companies was going to complete rather quickly, that turned out to be untrue. Things are now looking even worse for Michael Dell and a
consortium of companies
backing him with alternative proposals being offered up by Blackstone Group LP and billionaire investor Carl Icahn.
According to recent reports, the special board committee set up by Dell Inc. continues to support the pending sale to Michael Dell and Silver Lake Partners. However, the committee is said to be evaluating the new takeover proposal to decide if either of the new offers is better than what Michael Dell and his cohorts are offering.
Icahn has proposed $15 per share for a 58% stake in Dell. Blackstone has offered over $14.25 per share according to a source who claims to be familiar with the discussions.
One key difference with the new offers is that we would still see a portion of Dell stock remain public. The deal offered by Michael Dell and Silver Lake is for all outstanding shares and would take the company private.
This article is over a month old, voting and posting comments is disabled
RE: Conflict of interest?
3/25/2013 1:39:54 PM
But is the best interest of the shareholders the best interest of the company? Companies(not necessarily Dell here, but companies in general) tend to make a lot of boneheaded moves just to stay on track with their quarterly reports, while screwing over their long term prospects. As a consumer, I was kind of looking forward to a tech company that wouldn't be at the whims of Wallstreet.
"It looks like the iPhone 4 might be their Vista, and I'm okay with that." -- Microsoft COO Kevin Turner
Microsoft to Pour up to $3B USD Into Dell to Help it go Private, Survive
January 22, 2013, 2:07 PM
Dell Buyout Deal Inches Closer to Fruition
January 16, 2013, 9:12 AM
Not All the High-Tech Jobs Are in California
August 4, 2016, 8:29 PM
Google's Gleaming Glass HQ Gets Mountain View Snub, LinkedIn Gets the Love
May 7, 2015, 6:58 AM
Tech's Tax Day Fortunate Few: Qualcomm, Xerox, GE, et al. Pay Little or No Taxes
April 15, 2015, 11:30 AM
LinkNYC Terminals to Blanket New York City With Free WiFi, Free Calls, and Ads
November 17, 2014, 6:50 PM
Microsoft is Open-Sourcing Most of .NET, Adding OS X and Linux Support
November 12, 2014, 8:27 PM
Home Depot Lost 53 Million Emails, Blames Windows, Buys Execs New Macs
November 9, 2014, 5:00 PM
Most Popular Articles
Are you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Yahoo Hacked - Change Your Passwords and Security Info ASAP!
September 23, 2016, 5:45 AM
A is for Apples
September 23, 2016, 5:32 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Latest Blog Posts
MH 17 shot down by missile 'brought from Russia' into Ukraine's rebel territory
Sep 29, 2016, 5:00 PM
Burlington Gun Attack
Sep 27, 2016, 5:00 AM
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information