Dell investors may still gain after Blackstone pullout: Barr

Home Forums Dell investors may still gain after Blackstone pullout: Barr

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    Anonymous

    Technology News

    Files photograph of a Dell laptop computer in New YorkNEW YORK (Reuters) – Dell shareholders could still stand to profit even after Blackstone Group LP withdrew its bid to buy the world's No. 3 personal computer maker more than a week ago, Barron's said on Sunday. On April 19, Blackstone's move knocked Dell shares to a two-month low and narrowed the fight for Dell between activist investor Carl Icahn and the company's founder Michael Dell and Silver Lake Partners, the newspaper said. Blackstone dropped its bid for Dell at $14.25 a share, citing deteriorating demand for PCs. On Friday, Dell's stock closed at $13.35, below the $13. …


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