Michael Dell’s $24.4 billion deal for Dell Inc., carefully crafted over six months, has gotten much more complicated.
Dell’s board, seeking bids higher than last month’s offer from the company’s founder and Silver Lake Management LLC, has attracted interest from Blackstone Group LP as well as rival computer makers Hewlett-Packard Co. and Lenovo Group Ltd., said people familiar with the matter, who asked not to be identified because the matter is private. Billionaire Carl Icahn is also pushing the company to pay out a $9 a share special dividend.
Hewlett-Packard and Lenovo are taking advantage of the so-called go-shop period to get access to information that can only be found in data made available to prospective buyers, people said. Dell is the world’s third-largest personal-computer maker after Hewlett-Packard and Lenovo.
Southeastern, Dell’s largest outside shareholder, with an 8.4 percent stake, this week requested the names and addresses of other shareholders to discuss the deal.