Friday, April 19, 2013

Blackstone withdraws $25 billion Dell bid

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Dell indicated that it would take Carl Icahn's bid for the company seriously when it struck a deal with the billionaire investor earlier this week, and it may have more reason to do so now — multiple sources are reporting that Blackstone has now abandoned its rival offer. According to the Financial Times, Blackstone's investors weren't convinced of the deal's merits, and felt that Dell's value on the stock market is already fair...

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