Billionaire investor Carl Icahn and Southeastern Asset Management are ready to submit a bid for struggling computer maker Dell, the New York Times is reporting.
Private equity firm Blackstone has dropped out of the bidding to acquire computer maker Dell, the Wall Street Journal is reporting.
Carl Icahn has agreed to a deal with Dell that allows the billionaire investor to contact other shareholders about a possible bid for the company in exchange for a limit on Icahn's ownership stake in Dell, the company said in a release.
In a filing with the Securities and Exchange Commission, Dell predicted the continuing decline in the PC market.
Blackstone Group and billionaire investor Carl Icahn have made counterproposals to acquire Dell, according to a report by the Wall Street Journal quoting sources familiar with the situation. The "go-shop" period was triggered by Dell's board approving the leverage buyout offer by Michael Dell and an investor group that includes Silver Lake Partners and Microsoft.
Blackstone Group is considering a counterbid to Michael Dell's $24.4 billion offer to acquire the struggling computer maker he founded, according to a report by Bloomberg.
Southeastern Asset Management, which holds an 8.4 percent stake in Dell, is getting access to Dell's books as part of a settlement to calm the investor's concerns about Michael Dell's bid to take the PC maker private, according to a report by Bloomberg.
U.S. business magnate Carl Icahn, who reportedly purchased up to a 6 percent stake in Dell, is threatening "years of litigation" if the board goes through with a plan proposed by founder Michael Dell and other investors to take the computer firm private, according to a report by CNET .
U.S. business magnate Carl Icahn has reportedly taken up to a 6 percent stake in computer maker Dell, pitting him against Michael Dell, who is trying to take the computer maker private, according to trading sources cited by CNBC.
Dell announced today that Michael Dell is leading the $24.4 billion buyout of Dell, the computer giant he founded.