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A bidding war for Dell (DELL) appears to be breaking out. Bloomberg reports Blackstone has...

A bidding war for Dell (DELL) appears to be breaking out. Bloomberg reports Blackstone has "submitted a tentative offer" for Dell, while the WSJ reports Blackstone and Carl Icahn have separately notified the special committee they're "working on firm bids." Each has 4 days to present an offer now that Dell's go-shop period has ended. Blackstone is said to have outlined a price range of $13.65-$15/share, and is thinking of selling Dell's financial services arm to help finance its bid. (previous)
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Comments (10)
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    DELL $14.14

     

    Blackstone will not get Dell for less than current trading value.
    23 Mar 2013, 03:17 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Who gets to overpay the most!
    23 Mar 2013, 03:22 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Now perhaps Dell can make a slightly higher bid and avoid shareholder lawsuits claiming that a $20+ share price was justified. Or perhaps he will just sell out to Blackstone and retire again. Icahn is a wildcard, since he may want more $ for his recently purchased shares. Ah, the possibilities. Nothing productive here, just money changing hands and some shareholders that bought at higher prices losing part of their investment.
    23 Mar 2013, 03:34 PM Reply Like
  • Tschurin
    , contributor
    Comments (327) | Send Message
     
    We might also remember that Blackstone and other P-E firms are facing an anti-trust lawsuit for not making competitive bids; so making one for Dell, even if it raises the offer for Dell just a little, might serve Blackstone's legal strategy.
    23 Mar 2013, 10:32 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4222) | Send Message
     
    Good point. It appears as if they are doing just that.
    24 Mar 2013, 08:07 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4222) | Send Message
     
    In a three way battle, it is likely that DELL will be able to secure a price between $15-20. It will be interesting to see how this is resolved. For further reading: http://seekingalpha.co...
    23 Mar 2013, 03:40 PM Reply Like
  • pat walsh
    , contributor
    Comments (257) | Send Message
     
    I will be happy with $17.
    23 Mar 2013, 03:47 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4222) | Send Message
     
    That is more or less where we come out too.
    23 Mar 2013, 03:47 PM Reply Like
  • tonto13
    , contributor
    Comments (4) | Send Message
     
    From what I can fathom, many of us think that Dell has some growth potential if the company can move away from the PC market and build on it's other resources as well as get more into the tablet market.
    It's strange to me that they have not made that work already.
    With the "big players" pressing, to settle at $13.65 will really surprise me. Somewhere between $14 and 17 seems more probable.
    I am assuming that the "smart money" is thinking rationally.
    Charles
    24 Mar 2013, 10:51 AM Reply Like
  • Schwarzenblitz
    , contributor
    Comments (11) | Send Message
     
    I would be really happy with 17-18 too....hope it ends up there (or more than that :) )
    25 Mar 2013, 01:35 PM Reply Like
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