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Is Michael Going to Lose Control of Dell?

If Dell and Silver Lake are outbid Bloomberg says it’s unclear if the company will go private as Michael is trying to do
By Maureen O'Gara
Article Rating:
March 20, 2013 08:00 AM EDT
Reads:
 1,845

As time runs out for an alternate bid for Dell, Blackstone, the private equity house, is reportedly considering upping Michael Dell and Silver Lake's $24.4 billion buyout offer for the joint.

It has through Friday to make a move under a so-called go-shop provision.

Bloomberg says Blackstone has looked at Dell's books under NDA as have HP, Lenovo and Carl Icahn and may form joint a consortium of rival investors.

If Dell and Silver Lake are outbid Bloomberg says it's unclear if the company will go private as Michael is trying to do or stay public.

Dell's share price is still almost a buck ahead of the $13.65 a share being offered.

The New York Times figures it'll take $1.8 billion for each dollar the price is raised or about another $2.3 billion to get to $15 a share.

Published March 20, 2013 – Reads 1,845
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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