Southeastern Says Pleased with New Dell (Dell) Offers

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Rival Dell (DELL) Bids Put Michael Dell in Hot Seat

March 25, 2013 12:17 PM EDT

In February, when Michael Dell and private equity partner Silver Lake announced a $13.65 per share offer to take Dell (Nasdaq: DELL) private, the founder of the PC maker may have thought he was doing shareholders a favor and putting them out of their misery. The offer at that time was at a premium to Dell's most recent valuation and appeared fair to many. However, Mr. Dell calculated incorrectly. Since that time the deal has been greeted by outrage from many investors who... More

Dell's (DELL) Special Committee Comments on New Bids Received

March 25, 2013 9:10 AM EDT

Dell, Inc. (Nasdaq: DELL) issued the following statement following the Dell Board of Directors Special Committee announcement regarding receipt of two alternate proposals in the go shop period:

As the Board's Special Committee continues to oversee its process, we remain focused on our customers... More

Icahn (IEP) Comments on $15/Share Dell (DELL) Proposal

March 25, 2013 8:49 AM EDT

Icahn Enterprises L.P. (Nasdaq: IEP) today announced that Icahn Enterprises is pleased that the Special Committee of Dell Inc.'s Board has responded positively to our proposal regarding Dell.

Icahn Enterprises believes that the February 5th merger agreement entered into among Michael S. Dell, Silver Lake and Dell significantly undervalues Dell. As set forth in our March 22nd letter to... More

Dell (DELL) Receives Proposals from Icahn, Blackstone (BX)

March 25, 2013 7:03 AM EDT

Dell, Inc. (Nasdaq: DELL) announced that the go-shop period provided for in the merger agreement between the company and entities owned by Michael Dell, Dells Founder, Chairman and Chief Executive Officer, and investment funds affiliated with Silver Lake Partners, has elicited two alternative acquisition proposals. One proposal was submitted by a group affiliated with a private equity fund managed by Blackstone (NYSE: BX) and the other by entities affiliated with Carl Icahn. Both proposals are attached.

The Special Committee, consisting of four independent and disinterested directors, has determined,... More

Blackstone, Icahn Said to Step Up with Dell (DELL) Bids in Final Minutes

March 23, 2013 2:38 PM EDT

It looks increasingly likely that Michael Dell will have to either cough up more money to take Dell, Inc. (NASDAQ: DELL) private, or sell to a higher bidder. Just before a "go shop" deadline expired on Friday, both Blackstone (NYSE: BX) and Carl Icahn submitted preliminary offers for the... More

Blackstone (BX), GE Capital (GE) discussed a bid for Dell's (DELL) finance unit - DJN

March 21, 2013 12:41 PM EDT

Blackstone (NYSE: BX) and GE Capital (NYSE: GE) were said to have discussed a bid for Dell's (NASDAQ: DELL) finance unit, according to Dow Jones headlines.... More