The bidding war over Dell is heating up
On Monday, the special board committee said the two alternative preliminary plans recently submitted by the private equity firm Blackstone and the activist investor Carl Icahn could result in “superior proposals,†to the the current offer on the table by the company founder Michael Dell and Silver Lake Partners. As a result, the committee, which is overseeing the sale process, will continue negotiations with the two rival bidders.
“We are gratified by the success of our go-shop process that has yielded two alternative proposals with the potential to create additional value for Dell shareholders. We intend to work diligently with all three potential acquirers to ensure the best possible outcome for Dell shareholders, whichever transaction that may be,†Alex Mandl, the chairman of the special committee, said in a statement.
