Two of the most renowned equity investors in the United States may very well put a damper on the US$24.4 billion leveraged buyout offer from CEO and founder Michael Dell and Silver Lake Partners. This development comes after billionaire investor Carl Icahn opened channels for a tie-up with Blackstone Group LP for control of the computer maker.
Preliminary discussions have been conducted with Blackstone as both individual bidders have submitted offers far better than the currently tabled offer. Icahn had proposed paying US$15 per share for 58% of Dell's shares while Blackstone offered US$14.25 per share for all outstanding stock, Both would leave the company as a publicly traded firm.
Icahn, who currently owns a US$1 billion stake in Dell, had said that the offers from Blackstone and his firm gives the company's investors what they had wanted, to retain publicly traded shares of Dell.
Blackstone, Dell and Silver Lake all declined to give a comment on the matter.
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