Wednesday, 1 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...