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tonto13

tonto13
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  • 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[View news story]
    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
    Mar 24 10:51 AM | Likes Like |Link to Comment
  • Dell's (DELL -0.9%) LBO proxy will show "the extreme challenge and unpredictability" the company is facing in its badly slumping PC business, David Faber reports, while adding a forecast for $3.7B in FY14 (ends Jan. '14) operating income may be significantly revised lower. Faber also notes Silver Lake initially bid just $11.22/share for Dell, before gradually raising its offer to $13.65. Dell is down $0.12 today to $14.14. (previous[View news story]
    I agree. The Board spokesperson will now make Dell look like loser so that we feel fortunate to have the buyout firm buy it for a song.
    I don't know about some of the rest of you shareholders, but I think Dell is worth more than the proposed buyout of $13.65. Probably about $20.
    Mar 16 01:40 PM | Likes Like |Link to Comment
  • Dell (DELL) shareholders will get only a modest LBO offer price increase, sources tell dealReporter. This scoop arrives less than 24 hours after a source the NY Post reported (citing one source) no higher bid will arrive. Is the LBO consortium playing hardball, or is it just waging a covert PR campaign to discourage investors wanting a significantly higher offer? Either way, Dell closed at $14.32, down a mere $0.05 on the day. [View news story]
    My comment certainly is not from the buyout group. That group has no interest in you, me or anyone else except themselves. That is for certain.
    Mar 13 06:24 AM | Likes Like |Link to Comment
  • Dell (DELL) shareholders will get only a modest LBO offer price increase, sources tell dealReporter. This scoop arrives less than 24 hours after a source the NY Post reported (citing one source) no higher bid will arrive. Is the LBO consortium playing hardball, or is it just waging a covert PR campaign to discourage investors wanting a significantly higher offer? Either way, Dell closed at $14.32, down a mere $0.05 on the day. [View news story]
    As a small investor I watch the roller coaster continue on it's track.
    Mar 12 05:49 PM | Likes Like |Link to Comment
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