A bidding war for computer and server company Dell could be looming in the horizon two other investment groups sent out preliminary offers that rival the $24.4 billion proposed offer for the hardware and software by Silver Lake Partners and Michael Dell.
Founder Dell and Silverlake are offering $24.4 billion or $13.65 per share for the company. They have since raised their by $4 billion in six stages during the negotiations, according to a report from Computerworld.com
Blackstone’s offer amounts to “in excess of $14.25 per share” and shareholders can receive that either in cash or stock, according to a statement from Dell.
RELATED CONTENT
Troubled Dell goes private
Dell going Private might mean a PC exit
Icahn wants to acquire as much as 58 per cent of Dell’s outstanding shares for up to $15 per share up to an aggregate of more than $15 billion in cash. The group already controls 80 million Dell shares.
The report did not say if Michael Dell’s group plans to provide another counter offer.
The PC market slump has impacted Dell’s revenues and the company has recently refocused its efforts in propping up its profitable software and services business.
The company may be able to make these changes more effectively without pressure from public investors it went private.
