Dell confirmed Monday that two new possible buyers have submitted bids for the company: Boulder Acquisition Corp. and its Blackstone Group affiliate; and perennial corporate raider Carl Icahn. Dell has already accepted an offer made earlier this year by founder Michael Dell and Silver Lake, but it is bound by law to seek alternative offers. “Any public company that doesn’t shop a deal risks a shareholder lawsuit,” said Paul McWilliams, editor of Next Inning Technology. “Michael Dell and Silver Lake, et al., made a lowball offer that obviously had to be entertained.”
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Sharks Circle Struggling Dell
Posted by: Richard Adhikari March 26, 2013 05:00 AMDell confirmed Monday that two new possible buyers have submitted bids for the company: Boulder Acquisition Corp. and its Blackstone Group affiliate; and perennial corporate raider Carl Icahn. Dell has already accepted an offer made earlier this year by founder Michael Dell and Silver Lake, but it is bound by law to seek alternative offers. “Any public company that doesn’t shop a deal risks a shareholder lawsuit,” said Paul McWilliams, editor of Next Inning Technology. “Michael Dell and Silver Lake, et al., made a lowball offer that obviously had to be entertained.”