Dell Receives Two Additional Offers (DELL, BX)

Dell Receives Two Additional Offers (DELL, BX)

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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.

Dell Inc. (DELL) and The Blackstone Group (BX) are not recommended at this time, holding Dividend.com DARS™ Ratings of 3.2 and 3.3 out of 5 stars respectively.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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