Reuters – Blackstone Will Visit Dell Headquarters

Blackstone Group will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid, Reuters reported. Blackstone and billionaire investor Carl Icahn separately made preliminary proposals in late March that, if finalized, could be superior to the offer on the table from Michael Dell and private equity firm Silver Lake Partners LP. The outcome of the auction would determine the future of Dell as well as Chief Executive Michael Dell, who founded the company in a dorm room in 1984 and turned it into the world's No.3 personal computer maker.

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