Dell confirms it received two, possibly 'superior' buyout proposals
Michael Dell might not be as close to taking his company private as originally thought.
Dell's Special Committee of the Board, a team tasked with considering other proposals for the future of its business, confirmed today that it has received two buyout offers. One of those offers comes from investment firm Blackstone and the other from Carl Icahn.
"The Special Committee, consisting of four independent and disinterested directors, has determined, after consultation with its independent financial and legal advisors, that both proposals could reasonably be expected to result in superior proposals, as defined under the terms of the … Read more