Michael Dell must not be getting a lot of sleep these days. That’s because Blackstone who I have mentioned was a potential suitor for Dell has decided to not pursue them any further. Here’s why:
A record decline in first-quarter computer sales helped trigger the withdrawal, Blackstone said in a letter released yesterday. The world’s biggest buyout firm made a non-binding offer to acquire Dell last month, challenging plans by founder Dell and Silver Lake Management LLC to take the company private at $13.65 a share.
So, what does this mean for Dell? It leaves Michael Dell’s bid backed by Silver Lake Management to face off against Carl Ichan’s bid. Sort of like heads up action at a poker tournament.
Who’s got the best hand?
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This entry was posted on April 20, 2013 at 7:39 pm and is filed under Commentary with tags Dell. You can follow any responses to this entry through the RSS 2.0 feed.
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Blackstone Pulls The Plug On Bid For Dell
Michael Dell must not be getting a lot of sleep these days. That’s because Blackstone who I have mentioned was a potential suitor for Dell has decided to not pursue them any further. Here’s why:
A record decline in first-quarter computer sales helped trigger the withdrawal, Blackstone said in a letter released yesterday. The world’s biggest buyout firm made a non-binding offer to acquire Dell last month, challenging plans by founder Dell and Silver Lake Management LLC to take the company private at $13.65 a share.
So, what does this mean for Dell? It leaves Michael Dell’s bid backed by Silver Lake Management to face off against Carl Ichan’s bid. Sort of like heads up action at a poker tournament.
Who’s got the best hand?
Share this:
Like this:
Related
This entry was posted on April 20, 2013 at 7:39 pm and is filed under Commentary with tags Dell. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.