Dell board considers two new buyout offers
Dell plans to negotiate with Blackstone Group and investor Carl Icahn over new acquisition bids for the computer maker that rival an offer of more than $24 billion from investors led by founder Michael Dell.
Dell Inc. says a special committee of board members has determined the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from Dell and Silver Lake Partners to buy the Round Rock, Texas, company for $13.65 per share.
The company says Michael Dell is willing to work with third parties on alternate acquisition proposals.
Blackstone is proposing to buy the company for $14.25 per share. Icahn wants to buy up to 58 percent of Dell's shares for $15 each.
Icahn and other investors have criticized Michael Dell's bid as too low.
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