Dell Receives Two Additional Offers (DELL, BX)
Computer maker, Dell Inc. (DELL) reported on Monday that it has received two additional acquisition offers.
Dell, which made an agreement last month to be acquired by Silver Lake for $24.4 billion, has received two more offers.
Blackstone Group (BX) has made the company an offer which would result in a recapitalization transaction which would allow Dell shareholders to choose between cash or stock. Both options would be valued at $14.25 per share.
Dell’s second offer came from entities affiliated with Carl Icahn. This transaction would result in $15 per share payable to shareholders.
The company said that, “both proposals could reasonably be expected to result in superior proposals.”
Dell shares were up 47 cents, or 3.32% during premarket trading Monday. The stock has declined -14% in the past year.
Blackstone shares were up 21 cents, or 1.07% during premarket trading Monday. The stock has increased 28% in the past year.
The Bottom Line
Shares of Dell Inc. (DELL) have a 2.26% yield, based on Friday’s closing price of $14.14.
Shares of The Blackstone Group (BX) have a 3.65% yield, based on Friday’s closing price of $19.71.
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