Posted March 30, 2013 by Karen Kinsey in Investment

Dell Inc (NASDAQ:DELL) opines that the Blackstone group LP (NYSE:BX) offer is management friendly

Northern, WI 03/30/2013 (avauncer) - Michael dell the Chief Executive Officer of Dell Inc (NASDAQ:DELL) (Current: $14.33, Down by 0.07%) had a meeting with The Blackstone Group L.P (NYSE:BX) ($19.78, Down by 1.35%). The latter has made an offer to acquire Dell and their offer of $14.25 per share is higher then the offer that Carl Icahn the billionaire and Silverlake LLC had put forth. Icahn is willing to buy out 58.1 percent of the stock at $15 per share. The third-largest computer maker, Dell was founded by Michael Dell in 1984 and he has found the Blackstone offer to be a very management-friendly one. Michael Dell and Silverlake had agreed to pay $13.65 per share and the company’s largest shareholders are saying that the company is being undervalued by Dell.

Company open to new proposals

March 22 was the deadline for putting forth offers and the company has also declared that it is willing to consider new proposals put forth by third parties.

Dell had probably not bargained for the fact that there will be rival bids. He had other plans for the company that he had founded. He wanted to restructure the company and reshape it and turn it in to a manufacturer of software for corporations and data-center gear and he was hoping to be able to do this in an unquestioned manner from any investors. Any buyout proposal that is put forth will have to be approved by the investors. No matter what the outcome, Michael Dell will continue to be on the company board.

Karen Kinsey

Karen Kinsey with a degree in journalism. She ended up going into the education field and has been a teacher for the past six years. Karen Kinsey is a television producer, writer, editor, professor, wife, mother, sister, daughter, friend and longtime, diehard Phillies fan. Karen Kinsey writings have been featured in such mainstream media as The Guardian, USA Today, Global Times, China Daily, Beijing Review, among others.