Dell Receives Bids From Icahn and Blackstone

PC giant Dell (UNKNOWN: DELL.DL  ) has¬†received two acquisition proposals to rival the original buyout proposal from Michael Dell and funds affiliated with Silver Lake Partners.

The new proposals were elicited during the "go-shop" period included in the merger agreement, and a special committee of the board has determined that both proposals could potentially be superior. The committee intends to continue negotiations with both.

Carl Icahn is proposing to take Dell private at a price of $15 per share, while Blackstone is offering $14.25 per share. Both proposals are higher than the $13.65-per-share transaction proposed by Michael Dell in February. The structure of each offer differs, making the decision more complicated than simply accepting the highest per-share offer.

The special committee has included detailed proposals of both new offers in a press release.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2329454, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:36:24 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
DELL.DL $0.00 Down +0.00 +0.00%
Dell CAPS Rating: *