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Dell buyout intrigue heightens as deadline looms

Thu, 03/21/2013 - 5:52pm
MICHAEL LIEDTKE - AP Technology Writer - Associated Press

Michael Dell is about to find out if other bidders think his company is worth more than he does.

The answer could come Friday. It marks the end of a 45-day period that Dell Inc.'s board of directors settled on to allow for offers that might top a Feb. 5 agreement to sell the PC maker to CEO Michael Dell and a group of investors for $24.4 billion.

Blackstone Group is emerging as a likely candidate to trump the current bid of $13.65 per share.

A person familiar with the situation told The Associated Press that Blackstone is so intrigued with the prospect of owning Dell that the firm has been courting former Hewlett-Packard Co. CEO Mark Hurd to run Dell if it decides to mount a hostile takeover attempt.

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