It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Michael Dell told to up his offer Michael Dell told to up his offer
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Michael Dell told to up his offer
Thread Tools
Old 4th July 2013, 06:17   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 144,333
Stefan Mileschin Freshly Registered
Default Michael Dell told to up his offer

Michael Dell has been advised to raise his $24.4 billion offer to take his company private.

The move follows billionaire investor Carl Icahn revealing he had committed more than $3 billion to back an alternative proposal.

The PC maker's special committee told Dell's founder and chief executive that he should raise his offer if he wants it to succeed.

The special committee will have the power of accepting either Dell's offer to buy his own company and take it private, or Icahn's. Until now it has backed Dell.

The committee is expected to publish its view on whether Michael Dell's offer, which is backed by equity financing from buyout firm Silver Lake, is in the interest of Dell's shareholders as early as next week. An 18 July shareholder vote on Dell's plan to go private will follow.

According to Bloomberg, despite being told to raise his offer Michael Dell is non-committal.

Icahn thinks that Dell's offer substantially undervalues the company.

The $5.2 billion financing deal put together by Icahn was shown to a mix of US and foreign banks, asset managers, hedge funds and collateralised loan obligation managers.

Icahn's proposed tender offer will be financed with $7.5 billion of cash on the balance sheet, the $5.2 billion credit and $2.9 billion from the "sale of receivables".
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Michael Dell sees more buyout challenges Stefan Mileschin WebNews 0 13th May 2013 06:50
Michael Dell discovers his fate today Stefan Mileschin WebNews 0 26th March 2013 06:36
Microsoft wants a piece of Michael Dell Stefan Mileschin WebNews 0 24th January 2013 06:20
Dell told Ballmer to call Windows RT something else Stefan Mileschin WebNews 0 19th December 2012 07:59
Dell to offer its XPS 27 and Inspiron One 23 all-in-ones with optional touchscreens Stefan Mileschin WebNews 0 15th October 2012 08:01
Michael Dell: HP's PC Strategy Change Is a Bad Move Stefan Mileschin WebNews 0 14th October 2011 08:16
Dell one of the first to offer Chrome OS builds for their netbooks jmke WebNews 0 30th November 2009 15:20
Tesco to offer Dell products Shogun General Madness - System Building Advice 0 26th December 2007 08:28
Apple Would Never Accept Dellís Offer Sidney WebNews 0 17th June 2005 17:30
Michael Dell Interested in Using Mac OS with Dell PCs jmke WebNews 3 17th June 2005 00:37

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 17:22.

Powered by vBulletin® - Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO