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Dell says Blackstone withdraws from buyout process
April 19, 2013 / 11:16 AM / 5 years ago

Dell says Blackstone withdraws from buyout process

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.

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