Dell to enter negotiations with Icahn, Blackstone, CNBC reports

theflyonthewall.com

Dell's (DELL) board voted late last night to enter negotiations with Carl Icahn and Blackstone (BX), CNBC reports, citing sources. Blackstone's deal includes a $14.25 per share price for Dell and would allow investors to opt for continuing to own shares of the computer maker, CNBC's Andrew Ross Sorkin said. Blackstone does not have financing lined up for the Dell deal, Sorkin added. Meanwhile, Carl Icahn is offering to buy 58.1% of Dell for $15.00 per share, Sorkin added. Dell will enter negations with both Blackstone and Icahn over the next couple of weeks, CNBC said. Shares of Dell closed Friday at $14.14, and are trading up 46c to $14.60 in early pre-market trading. Dell's previously announced deal to go private with Silver Lake included a $13.65 per share price for the computer maker.

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