logo
Share SHARE
FONT-SIZE Plus   Neg

Dell Special Committee Receives Two Alternative Proposals - Quick Facts

The Special Committee of the Board of Dell Inc. (DELL) announced that the "go-shop" period has elicited two alternative acquisition proposals. One proposal was submitted by a group affiliated with a private equity fund managed by Blackstone, and the other by entities affiliated with Carl Icahn.

The Blackstone proposal offers to enter into a definitive agreement to acquire Dell in a leveraged recapitalization transaction where shareholders could choose to receive either all cash or stock (subject to a cap), in each case valued in excess of $14.25 per share.

The Icahn proposal offers Dell shareholders to elect to receive either: shares of the Surviving Company on a one-to-one basis with their current holdings; or an aggregate of up to $15.65 billion in cash payable at a rate of $15 per share.

The Special Committee has determined that both proposals could reasonably be expected to result in superior proposals. The Special Committee said Michael Dell has confirmed to the Committee his willingness to explore in good faith the possibility of working with third parties regarding alternative acquisition proposals.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT