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HP and Lenovo Allegedly Interested in Dell

by Todd Haselton | March 6, 2013March 6, 2013 1:30 pm PDT

Dell Inc. CEO Michael Dell gives keynote address at Oracle Open World in San Francisco

Michael Dell is still wrestling with the company’s biggest shareholders to convince them to take the company private. He teamed up with Silver Lake Management and, with his own cash, ended up offering $24.4 billion for the company. Other shareholders think they can make a bit more dough, however, and believe the company is worth about $24 per share. That’s much more than the $13.65 per share Michael Dell and his partners offered. Who would pay such a price?

Apparently HP and Lenovo are eyeing the company. Bloomberg said Wednesday that its sources said both computer makers were potentially interested in paying more than Michael Dell’s offer.

We don’t know how much more than $13.65 per share the firms might be considering, but anything more than that offer would be a better deal for shareholders.

Bloomberg

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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