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Blackstone and Carl Icahn publish letters to Dell's (DELL +3.1%) board outlining their...

Blackstone and Carl Icahn publish letters to Dell's (DELL +3.1%) board outlining their proposals. Blackstone says it's offering "greater than $14.25 in cash per share" to Dell shareholders who wish to sell, and is working with Morgan Stanley and others to secure debt financing. Icahn proposes $5B in equity financing (inc. his existing stake) to go with $5.2B in new debt, a $1.7B factoring receivable facility, and Dell's $7.4B cash balance. Dell admits the proposals could be superior to Silver Lake's. Shares are at $14.58. (previous)
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Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (5266) | Send Message
     
    Mr. Dell's willingness to work with BX will seriously strengthen that offer.
    25 Mar 2013, 01:26 PM Reply Like
  • bluecat38
    , contributor
    Comments (10) | Send Message
     
    There is always something that we cannot see as small shareholders, but the big players are bringing more about Dell's real situation to awareness.
    Charles Merrill
    25 Mar 2013, 01:51 PM Reply Like
  • bluecat38
    , contributor
    Comments (10) | Send Message
     
    We are learning more as the big investors make their moves known. So much is oblique foe us small shareholders. I am excited to see how this all plays out in time. Charles Merrill
    25 Mar 2013, 02:56 PM Reply Like
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