Carl Icahn Could Snatch Dell Away From Michael Dell

Two alternative offers come in for tech giant

By Kevin Spak,  Newser Staff

Posted Mar 25, 2013 7:48 AM CDT

(Newser) – Michael Dell might not get the company he founded back after all. Carl Icahn and the Blackstone Group have both put in competing bids for Dell (the company), and they both appear to value it more highly than the offer Dell (the guy) put in last month, the company confirmed for the Wall Street Journal. Michael Dell has said he's willing to consider joining forces with a third party on an alternate proposal.

Icahn—already a major Dell shareholder—is offering to purchase $2 billion worth of shares at $15 each, and provide another $2 billion in equity financing, while Blackstone is offering to acquire Dell outright for $14.25 a share. Michael Dell's offer is for only $13.65 a share, but that doesn't mean it's dead in the water; the committee evaluating the proposals says the two new offers aren't terribly detailed, and it hasn't yet decided which offer is the best.

In this Monday, Nov. 13, 2000 photo, Michael Dell, Chairman and CEO of Dell, speaks during his keynote address at Comdex, in Las Vegas.
In this Monday, Nov. 13, 2000 photo, Michael Dell, Chairman and CEO of Dell, speaks during his keynote address at Comdex, in Las Vegas.   (AP Photo/Mark J. Terrill, FIle)
In this Tuesday, Aug. 21, 2012, photo, the sun is reflected in the exterior of Dell Inc.'s offices in Santa Clara, Calif.
In this Tuesday, Aug. 21, 2012, photo, the sun is reflected in the exterior of Dell Inc.'s offices in Santa Clara, Calif.   (AP Photo/Paul Sakuma)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
11%
61%
4%
0%
21%
4%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   HitFix   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   CollegeHumor   |   Barstool Sports   |   OK!