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DELL falls 2.5% to $13.60 after Blackstone informs the computer-maker's board it isn't...

DELL falls 2.5% to $13.60 after Blackstone informs the computer-maker's board it isn't interested in pursuing a bid for the company that may have topped Silver Lake and Michael Dell's $13.65 offer. Blackstone's exit speaks to doubts about the future of the PC industry as well as its inability to figure out how to get ahold of Dell's overseas cash hoard without incurring a large tax bill.
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Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (5627) | Send Message
     
    Not ideal, but they will still have trouble with the shareholder vote for the current deal.
    19 Apr 2013, 08:28 AM Reply Like
  • blueice
    , contributor
    Comments (3910) | Send Message
     
    Mr DeMuth, I think the whole takeover deal fall apart...
    19 Apr 2013, 11:34 AM Reply Like
  • wrynot
    , contributor
    Comments (292) | Send Message
     
    There is still the matter of Southeastern, TRowe, Yacktman and Icahn. Though this move optically probably weakens their hand, they have the power to kill the $13.65 deal.
    19 Apr 2013, 01:01 PM Reply Like
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