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.
"If you mod me down, I will become more insightful than you can possibly imagine." -- Slashdot
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
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
Former NSA Lawyer: If Google, Apple Encrypt User Data, They’ll Wither on the Vine Like Blackberry
November 6, 2014, 12:15 PM
Most Popular Articles
F-16 Schools Trillion-Dollar F-35 in Mock Combat, Fleeing is Best Option Pilot Admits
July 1, 2015, 5:53 PM
SpaceX Falcon 9's Seventh Supply Mission to ISS Ends w/ Fiery Stage 1 Explosion
June 28, 2015, 1:10 PM
SanDisk's 200GB microSDXC Card Turns Smartphones Into Enviable PMPs
June 26, 2015, 2:02 PM
Windows XP, Vista Users Can Get Free Windows 10 Upgrade Thanks to Loophole
June 23, 2015, 2:23 PM
Apple Music: The Money, The Launch Hiccups, and the Nitty Gritty Details
June 30, 2015, 5:09 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information