Bidding War: Blackstone, Carl Icahn Offer Dell Bids
March 26, 2013
Dell (NASDAQ: DELL) has elicited two alternative acquisition proposals during its "go-shop" period, one from The Blackstone Group and the other from Carl Icahn. The bids follow a definitive merger agreement Dell signed with Silver Lake on February 5, 2013, to be taken private in a transaction valued at approximately $24.4 billion ($13.65 per share). Blackstone, in partnership with Francisco Partners and Insight Venture Management, is prepared to offer in excess of $14.25 per share to acquire the company. Mr. Icahn's proposed bid is for upwards of $15 per share.