Dell Dealings Heat Up With Offers From Blackstone, Icahn

Law360, New York (March 25, 2013, 2:00 PM EDT) -- The Blackstone Group LP and billionaire Carl Icahn have submitted separate preliminary bids for Dell Inc., sneaking in under Friday's deadline to challenge an offer from founder Michael Dell and Silver Lake Partners and heating up the bidding war for the technology giant.

Blackstone's higher bid and Icahn's smaller, less leveraged offer were both deemed serious enough that the special committee can continue negotiations. The news also adds more faces to an already-crowded adviser table — Kirkland & Ellis LLP and Morgan Stanley for Blackstone —...
To view the full article, register now.