Dell buyout challenged by another major investor and potential bids from Lenovo and HP
Dell’s buyout deal is reportedly facing more opposition from shareholders, and competing offers could be in the works. Sources have told Bloomberg that fellow computer makers HP and Lenovo have expressed interest in buying the company at a higher price, as has Blackstone Group. The sources say HP and Lenovo are unlikely to actually pursue a bid, but their consideration will complicate Michael Dell’s plan to take the beleaguered company private for $24.4 billion provided by himself, equity firms, and a Microsoft loan. Meanwhile, prominent investor Carl Icahn — recently known for his heavy investment in Netflix — seems to have his own plans in the works. CNBC sources reported yesterday that Icahn has collected a roughly 6 percent..
View post:
Dell buyout challenged by another major investor and potential bids from Lenovo and HP