Potential Dell bidding war afoot as Blackstone Group and Carl Icahn reportedly making offers

25 Mar

Dell-factory-09-05-08

Thought that Dell buy out was a done deal? Well, the Blackstone Group and investor Carl Icahn clearly don’t think so, with the Wall Street Journal reporting that both have contacted the committee of Dell’s board just before Friday’s shutoff deadline. The would-be bidders are reported to be working on their actual offer amounts, and in the process buying them four more days thinking time. Reutersreports that Blackstone’s tentative offer is already in, according to sources, but at this time the company is yet to comment. Despite a recent slump in profits, Michael Dell surprised many when he announced his intention to buy back the eponymous firm in a deal with Microsoft for $24.4 billion. So, if the founder thought he had the keys to the old estate back, he might just have to wait a little longer.

http://online.wsj.com/article/SB10001424127887324557804578378473145351916.html

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