Wednesday, 1 October 2014
Last updated 33 min ago
Apr 11 2013 | 11:07am ET
The Blackstone Group is in talks with several technology companies about joining its buyout bid for Dell Inc., while a major Dell shareholder said it supports Blackstone's potential offer—or that of Carl Icahn—over the $24.4 billion deal from company founder Michael Dell and Silver Lake Partners.
It is unclear which technology firms Blackstone is negotiating with, but any that would join would likely have a role in both Dell's strategic direction and the deal's financing, The Wall Street Journal reports. Among the financing options on the table are equity stakes, debt or a combination of the two.
Blackstone remains in talks with Michael Dell about joining the bid.
Blackstone is also still in talks with Southeastern Asset Management, which owns 8.4% of Dell. Southeastern is likely to back either the Blackstone or Icahn offers, it indicated this week.
Southeastern said Tuesday that it views both "proposals as superior primarily because each offers shareholders the opportunity to remain owners of Dell while also offering a higher cash price to owners who choose to exit their investment."
Both the Blackstone or Icahn deals would allow investors to join the deal, whereas the offer from Michael Dell and Silver Lake would take Dell private.
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...