Dell confirms buyout offers from Icahn and Blackstone

Dell confirms buyout offers from Icahn and Blackstone
The private equity buyout led by founder Michael Dell (pictured) would give shareholders US$13.65 per share.

NEW YORK - American computer maker Dell confirmed Monday that it has received two buyout offers, from billionaire Carl Icahn and investment fund Blackstone.

In February, Dell unveiled plans to go private in a US$24.4 billion deal. The private equity buyout led by founder Michael Dell, backed by equity investment firm Silver Lake, would give shareholders US$13.65 per share. The company had set a Friday deadline for alternative offers.

In a statement on Monday, Dell said the new offers might be higher than that figure, and that Dell would negotiate with the potential buyers.

Going private would de-list the company from stock markets and could ease some pressure on Dell. The company is cash-rich but has seen profits slump as it tries to reduce dependence on the shrinking market for personal computers.

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