Dell Buyout: Blackstone Group Reportedly Counteroffers To Buy The Company

Posted on Mar 24 2013 - 1:15am by Editorial Staff

Dell

With earlier report suggested that Dell buyout saw opposition from another major investor in the pipeline, the Bloomberg citing “people familiar with the matter” is reporting today that Blackstone Group has submitted a preliminary offer to buy Dell while The Wall Street Journal reports that both Blackstone and Carl Icahn notified the Dell board that they are working together on firm bids over the company, with an expectation for the bids to be made by this coming Tuesday.

Dell buyout so far sounds make up a huge round of circle, first with Dell’s founder Michael Dell’s plans to take the company private for $24.4 billion provided by himself, along with the $2 billion Microsoft loan and equity firms on board. But over the top the thing which still surging out too big is that detractors have still feeling that the valuation of $24.4 for Dell is too low and majorly the investors are going to significantly going to vote against the offer. Since Bloomberg sources says Dell have time to decide on whether to accept Blackstone’s preliminary offer until Tuesday, so as we do believe a lot coming on the way.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.