Dell says Blackstone withdraws from buyout process

April 19 Fri Apr 19, 2013 7:12am EDT

April 19 (Reuters) - Dell Inc said a consortium led by Blackstone Management Partners LLC has decided not to submit a definitive proposal to acquire the company and is withdrawing from the process.

New York-based Blackstone's move comes just a month after it launched a challenge to founder Michael Dell's attempt to take Dell private in a $24.4 billion deal.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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