Dell Buyout Saw Opposition From Another Major Investor, Lenovo, HP In The Line To Be A Potential Bidder

Posted on Mar 7 2013 - 8:01pm by Editorial Staff

Dell

With yesterday report stated that Carl Icahn said to build stake in Dell with taking 6 percent ownership in the company, the Dell’s buyout deal is now reportedly facing more opposition from shareholders, reports Bloomberg.

The publication cites sources states that the computer makers HP and Lenovo both have expressed interest in buying the company at a higher price making the whole thing more complicated for Dell’s founder Michael Dell’s plan to take the company private for $24.4 billion provided by himself, Microsoft loan and equity firms.

The deal which if have to be take place already seeing opposition by shareholders including Southeastern Asset Management Inc. and T. Rowe Price Group Inc do requires approval from a majority of shareholders which excludes Michael Dell.

Sounds like Dell is in the middle of football ground and everyone want to hit the goal in their respected way. Well, stay tuned with us and we will bring more updates on the matter.

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