As reported on Saturday, Michael Dell's attempt to take Dell private has been challenged by a pair of rival bids. In a press release this morning, Dell's board confirmed that it has received "two alternative acquisition proposals" from investment group Blackstone and "activist investor" Carl Icahn. The computer giant also published details of the bids, revealing that both offer a higher per-share price than Michael Dell's $13.65 proposal, which valued the company at $24.4 billion.
Alex Mandl, Chairman of the Special Committee in charge of reviewing the offers gave a statement acknowledging the offers:
via The Verge - All Posts http://www.theverge.com/2013/3/25/4144354/dell-rival-takeover-bid-blackston-carl-icahn-details
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