Private-equity fund Blackstone has reportedly given up its efforts to splurge $25bn on whipping Dell out from under Michael Dell's nose. Blackstone, which is a Dell shareholder, and activist investor Carl Icahn had hoped to together make a rival bid for the Texan computer giant, but are now unconvinced that it is worth more than …
Put a stake in it
And give the shareholders their money back.
Re: Put a stake in it
The shareholders who invested knew (or should have known) the risks inherent in investing in the stock. If they lose money, no tears here. If they make money I'll smile with them.
But if Michael Dell is trying to take it private, that means he thinks there is money to be made in it (possibly even lots of long term money), but not on the kind of quarterly (or monthly or even weekly) basis that public trading demands.
rich guy's cat fighting
nothing to see here, move along please.
Go ahead Carl Icahn
Bid $15 dollars a share, you won't get your money back as Dell is not worth it.
The flame symbol is where your money will go.
Tech stocks are amazing. They are either unrealistically high or low.
Re: Go ahead Carl Icahn
Speaking as a (minor) Dell stockholder, I couldn't disagree more. Dell have done great strides to become a great services company, I see a great future with them. If Mickey D gets to go private, I'll get my cash back, and if not then I'm keeping them for the long term.
Anyway, you are wrong. They are no longer a "PC" company, times have changed mate, look at the acquisitions they have made and look at their service offerings.
p.s.: I'm also a HP share owner, but I'll likely ditch them soon as they have seem to have made some serious fuck-ups recently.
Don't believe it
Don't believe it for a second. They didn't want to actually buy Dell, just jack up the price for a quick buck.
Re: Don't believe it
Or convince the shareholders the the Mickey D offer is the only one going. For a 'consultancy fee' of course
- Bugger the jetpack, where's my 21st-century Psion?
- Something for the Weekend, Sir? Why can’t I walk past Maplin without buying stuff I don’t need?
- Review 'Mommy got me an UltraVibe Pleasure 2000 for Xmas!' South Park: Stick of Truth
- The land of Milk and Sammy: Free music app touted by Samsung
- Privacy warriors lob sueball at Facebook buyout of WhatsApp