Dell Shareholders OK $25B Buyout Offer From Founder, Silver Lake

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Dell (NASDAQ: DELL) shareholders have given preliminary approval to a $24.9 billion buyout offer from founder and CEO Michael Dell and investment firm Silver Lake Partners that would take the computer manufacturer private. The sale is slated to close before the end of the third quarter of Dell’s fiscal year 2014 and is subject to customary closing conditions, the company said Thursday. Shareholders...

Blackstone Group Cancels Dell Takeover Bid

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Blackstone Management Partners LLC has withdrawn its bid to acquire Dell (NASDAQ: DELL) following its due diligence process. Dell’s special committee received the notice through Boulder Acquisition Corp., a partner in the Blackstone-led group that submitted a takeover offer in late March, Dell said Friday. Blackstone and its partners offered to buy the computer manufacturer for more than $14.25...

Report: Dell Nearing Buyout Deal, Microsoft Involved

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Dell (NASDAQ: DELL) is nearing a deal for a buyout led by California-based private equity firm Silver Lake Management LLC, Bloomberg reports. Microsoft (NASDAQ: MSFT) could provide some funding and Michael Dell could contribute between $500 million and $1 billion of equity financing for the deal, the report said. Michael Dell currently holds a 15.7 percent stake in the company he founded in 1984, according...

Report: Dell Offers $2.3B For Quest Software, Competing Against Private Equity Firm

Dell (NYSE: DELL) has offered to buy enterprise management software maker Quest for $2.32 billion, Reuters reported on Monday. Dell is competing with a buyout group led by private equity firm Insight Venture Partners, which originally agreed to buy Quest in March for $23 per share. According to Reuters, Quest’s board determined this new proposal is superior to other offers and Insight has three...