Dell Inc. board will deal with Icahn, Blackstone


ROUND ROCK, Texas — Dell Inc. said Monday a special board committee plans to negotiate with Blackstone Group and activist investor Carl Icahn over new acquisition bids for the computer maker that rival an offer of more than US$24 billion from an investor group that includes founder Michael Dell.

The company said the committee has determined that the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from Michael Dell and Silver Lake Partners to buy the company for US$13.65 per share.

Blackstone proposed buying the company in a deal that would equate to more than US$14.25 per share. Icahn wants to buy up to 58 percent of Dell’s shares for US$15 each.