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.
"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs
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
Report: AT&T Eyeing $40B DirecTV Purchase
May 1, 2014, 8:00 AM
WebOS Class Action Settlement Costs HP $57 Million
April 1, 2014, 10:22 AM
IBM Workers Strike Over Terms of Deal That Will Have Them Working for Lenovo
March 6, 2014, 9:29 AM
Google Picking Up Artificial Intelligence Company "DeepMind" for $400 Million
January 27, 2014, 9:25 AM
Quick Note: Qualcomm Grabs up Palm, IPAQ, and Bitfone Patent Portfolio from HP
January 24, 2014, 9:18 AM
Verizon Buys Intel Media OnCue Cloud TV assets
January 21, 2014, 10:26 AM
Most Popular Articles
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Apple iPhone 6, iPhone 6 Plus Reviews Roll In
September 16, 2014, 9:13 PM
Big Media: If You Want Privacy, You're Probably a Pirate
September 18, 2014, 2:57 PM
Apple Cripples NFC in iPhone 6, 6+ With Developer Ban
September 17, 2014, 1:00 PM
"Decepticon" Driver Triumphs Over Cops in Massachusetts Court
September 5, 2014, 12:07 PM
Latest Blog Posts
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information