Blackstone May Make Dell Offer

Mar 20 2013 | 12:15am ET

The Blackstone Group is mulling a bid for Dell Inc. that could lead to a bidding war for the company.

The private-equity giant is among four groups that have looked at Dell's books as part of the computer-maker's go-shop period. Dell last month accepted a $24.4 billion leveraged buyout deal led by founder Michael Dell and private equity firm Silver Lake Partners, but other bidders have until Friday to make a better offer.

Blackstone, which employs former Dell mergers and acquisitions chief Dave Johnson, may make an offer as part of a group, Bloomberg News reports. Its interest is reportedly considered more serious that that of two computer-makers who have also signed confidentiality agreements with Dell, Hewlett Packard and Lenovo.

Carl Icahn is also looking at Dell's books.

A bid from Blackstone or another party could force Michael Dell and Silver Lake to increase their own offer; some suggest that Dell could fetch as much as 10% more than the accepted deal.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of