The scheduled visit of Blackstone Group to Dell's headquarters on Monday sends a strong signal that the firm is firming up a bid that could upset the $24.4 offer of founder Michael Dell.
Sources said Blackstone's visit to Dell to kick off the due diligence is a strong sign that the buyout firm is about to proceed with its buyout bid.
Blackstone is reportedly in close consultation with Michael Dell to develop a new business plan and about the possibility of Dell remaining as CEO of the new company. However, an alternative option is also in the works.
Blackstone had earlier hired an executive consulting firm to conduct an in-depth analysis of Dell's businesses, and help formulate a strategy for the bid. In addition, the consulting firm had reportedly talked to several executives who could help run Dell.
Blackstone's bid team in Dell is led by former head of strategy, Dave Johnson, who is currently a senior managing director at Blackstone
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