Tuesday, 4 August 2015
Last updated 9 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…