A 4SquareMedia Website

SECTIONS
> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> CES
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
Accessories
Broadband & Web Hosting
Components
Desktop PCs
Industry
Memory
Microsoft Windows
Monitors And Screens
Notebooks & Tablets
Platforms
Printers & Multi-Function
Security & Support
Software
Storage
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
PRODUCT REVIEW
> Featured Reviews
SERVICES
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
SUBSCRIBE
> Subscribe to Newsletter
> Subscribe to Magazine



Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound





HOME OFFICE / NOTEBOOKS & TABLETS

Dell: The Plot Thickens...

By Oonagh Reidy | Monday | 25/03/2013

Major bunfight for control of PC giant could be coming, as two counter offers to Michael Dell's privatisation plan are revealed.


Private equity group Blackstone are proposing a buyout of Dell, and possibly even boot its Chief Executive Michael Dell in the process.

The Blackstone group and 'activist' investor Carl Icahn have both sent separate proposal to Dell's board to buyout the company for more than CEO Michael Dell is offering, reports The New York Times.

Blackstone's $14.25 a share proposal is a "preliminary plan envisioned offering existing shareholders the opportunity to remain investors in the computer company through what is known as a public stub, though those who wish to sell off their entire holdings can do so" the report states.

Icahn, on the other hand, already a Dell shareholder, is proposing to acquire a 58% stake of the PC giant, is offering highest price to shareholders, at $15 a share.

The move marks counter offers to Michael Dell's move to buyout of all shares of the company he set up in 1984 and go private in conjunction with technology investment firm Silver Lake for $13.65 a share in a deal valued at US$24.4 billion, announced last month.

According to the Times, the letters sent by Blackstone and Mr. Icahn late Friday night, "were meant to keep talks going" among the special committee set up by Dell board to review all possible options, before the date for rival offers to Mr Dell's expired.

Icahn already expressed reservations about Mr Dell's and Silver Lake's merger offer.

Mr Dell owns 16% of the company's shares branded the proposed buyout as opening"  an exciting new chapter for Dell" who recently celebrated its 20th birthday in Oz.

However, investors were far from happy about what they perceive as a too low share value from its CEO, which Dell said was 35 percent more than the closing price of $10.88 on January 11, and undervalues the business and its potential.
And the WSJ points out  "if shareholders vote on an agreement other than Silver Lake's, Mr. Dell has pledged to vote the stake he controls in the company in the same proportion as other stockholders-essentially neutralizing his stake," according the deal's regulatory filing.

The counter bid(s) could be well met among investors looking for a better deal, and Blackstone is already said to have approached technology execs like Mark V. Hurd, current Oracle president, as possible replacement for the top job at world No. 3 PC maker, if Mr Dell opted to leave.

Dell, one of the major causalities of the ailing PC market failed to adapt to the popularity of smartphones and iPads, has recently snapped up a bundle of cloud, software and firms including Wyse Technology and Quest Software in a bid to become a major software player.

Shares in Dell rose to US$14.14 Friday but fell back to $14, where it remains at present.
 

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section





LATEST REVIEWS
New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5




SMARTHOUSE NEWSLETTER
Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

ADVERTISE
SmartHouse
reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

LATEST ISSUE
Smarthouse's
Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...