Dell buyout intrigue heightens as deadline looms - 13 WTHR Indianapolis

Dell buyout intrigue heightens as deadline looms

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SAN FRANCISCO -

Michael Dell is about to find out if other bidders think his company is worth more than he does.

The answer could come today. It marks the end of a 45-day period that Dell's board of directors settled on to allow for offers that might top a Feb. 5 agreement to sell the PC maker to CEO Michael Dell and a group of investors for $24.4 billion.

Blackstone Group is emerging as a likely candidate to trump the current bid of $13.65 per share.

A person familiar with the situation told The Associated Press that Blackstone is so intrigued with the prospect of owning Dell that the firm has been courting former Hewlett-Packard Co. CEO Mark Hurd to run Dell if it decides to mount a hostile takeover attempt.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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