Blackstone (BX) Seeks Tech Partners to Place More Robust Dell (DELL) Bid
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Price: $442.08 +1.68%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +50.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +50.5%
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The battle for Dell (Nasdaq: DELL) might not be over just yet.
According to reports out Wednesday, private equity firm Blackstone (NYSE: BX) might be in discussions with several technology firms with respect to making a bid for PC giant Dell. Financing options may include debt financing, an equity stake, or a combination of the two.
Specific names of tech companies that Blackstone was talking to weren't made available.
News today comes as large Dell investor Southeastern Asset Management commented Tuesday that Blackstone and Icahn offers constituted a superior proposal to Dell's plan. Both Blackstone and Icahn have made claims that Dell could go for more; Blackstone is currently at $14.25 while Icahn thinks $15 is a fair deal.
Shares of Dell are flat in early trading Wednesday after closing at $14.19 yesterday.
According to reports out Wednesday, private equity firm Blackstone (NYSE: BX) might be in discussions with several technology firms with respect to making a bid for PC giant Dell. Financing options may include debt financing, an equity stake, or a combination of the two.
Specific names of tech companies that Blackstone was talking to weren't made available.
News today comes as large Dell investor Southeastern Asset Management commented Tuesday that Blackstone and Icahn offers constituted a superior proposal to Dell's plan. Both Blackstone and Icahn have made claims that Dell could go for more; Blackstone is currently at $14.25 while Icahn thinks $15 is a fair deal.
Shares of Dell are flat in early trading Wednesday after closing at $14.19 yesterday.
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