Dell buyout bid deadline approaches

 

Related Stories

A deadline expires on Friday for other bidders to put in offers that top Michael Dell's bid for personal computer maker Dell.

The 45-day window has been in place for others to top the $24.4bn (£16bn) bid to sell Dell to its founder and chief executive and a group of investors.

Reports say New York's Blackstone Group could be ready to exceed the current bid of $13.65 per share.

Dell says the deadline may be extended if other suitable investors emerge.

The Texas-based firm has promised to provide extensive details about the sales process in regulatory documents to be filed next week.

The Dell board committee that negotiated the current deal says it is selling the firm at a fair price, despite some analysts saying it could be worth more.

And Dell's largest independent shareholder, Southeastern Asset Management, says Mr Dell's offer "grossly undervalues the company".

The computer maker has been hit by a consumer move to tablets and is diversifying into more profitable areas of technology, such as business software, data analytics and storage.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Nigel Farage (left) and Douglas CarswellWho's next?

    The Tory MPs being tipped to follow Carswell to UKIP


  • A painting of the White House on fire by Tom FreemanFinders keepers

    The odd objects looted by the British from Washington in 1814


  • President Barack Obama pauses during a press conference on 28 August.'No strategy'

    Obama's gaffe on Islamic State reveals political truth


  • Chris and Regina Catrambone with their daughter Maria LuisaSOS

    The millionaires who rescue people at sea


  • Plane7 days quiz

    What unusual offence got a Frenchman thrown off a plane?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.