Silver Lake Breakup Rules Make Dropping Dell Buyout Bid Costly

Silver Lake Breakup Rules Make Dropping Dell Buyout Bid Costly

Sam Hodgson/Bloomberg

Dell’s stock fell below the original $13.65-a-share offer on April 19 amid speculation that the deal might unravel after Blackstone Group LP abandoned its counteroffer, citing “the rapidly eroding financial profile of Dell” and greater weakness in the PC market than the company is projecting.