real-time news and commentary for investors
Friday, Apr 5
Blackstone is "working closely" with Michael Dell about creating a new business plan for his...
Blackstone is "working closely" with Michael Dell about creating a new business plan for his company and "actively talking to him" about remaining CEO, sources tell Reuters - the report comes shortly after Bloomberg reported the parties still have much to discuss, and a few days after Dell outlined a growth-focused post-LBO plan in a memo. Reuters adds Blackstone will visit Dell (DELL) HQ on Monday to "begin an in-depth analysis," and is reaching out to tech execs for advice and to discuss possible executive/board roles.