Deals
Dell Buyer Group Said to Consider $24.4 Billion Bid Final
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Michael Dell and Silver Lake Management LLC, approaching a deadline to woo Dell Inc. shareholders to vote for their $24.4 billion buyout, consider the $13.65-a-share bid to be their best and final offer, people familiar with the situation said.
The buyout group’s view is that the bid represents a significant premium, considering borrowing costs have risen and Dell’s earnings have shrunk amid a deterioration in the personal-computer business since the deal was announced, said the people, who refused to comment on the record because they consider it unnecessary.