Dell confirms buyout offers from Icahn and Blackstone

NEW YORK (AFP) - American computer maker Dell confirmed on 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 (S$30.3 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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