Michael Dell concerned with Blackstone buyout offer -sources
NEW YORK, March 25
NEW YORK, March 25 (Reuters) - Dell Inc founder and Chief Executive Michael Dell is very concerned that Blackstone Group LP's buyout offer would dismantle the PC maker he founded in 1984, two people close to Michael Dell said on Monday.
The Dell founder thinks that Blackstone's plans would be inconsistent with his own strategy to reinvest in the company, the people said, asking not to be identified because they were not authorized to speak with the media.
A Dell spokesperson declined to comment. Blackstone did not immediately respond to requests for comment.
The private equity firm made no mention of asset sales in its preliminary offer published by Dell on Monday. But people familiar with the matter have said that Blackstone has considered a potential sale of Dell's financial services business as part of its strategy.
- WTO overcomes last minute hitch to reach its first global trade deal
- Colorado baker discriminated by denying gay couple wedding cake: judge
- Flights delayed as air pollution hits record in Shanghai
- Amish girl in Ohio will not be forced to resume chemo for cancer
- South Africa mourns Mandela, will bury him on December 15 |