Michael Dell Met With Blackstone This Week

Standard

By Ian Sherr and Sharon Terlep

Dell Inc.’s Chief Executive Michael Dell met this week with Blackstone Group LP as the private-equity firm pieces together a plan to take control of the computer maker, people familiar with the matter said.

It is unclear who Mr. Dell met with at Blackstone or how the discussions went. Mr. Dell didn’t respond to a request for comment and Blackstone declined to comment.

Separately, a special committee of Dell board members is expected on Friday to release a lengthy proxy statement that will paint a dire picture of the company and explain why Dell thought a $24.4 billion buyout bid from private-equity firm Silver Lake Partners and Mr. Dell was the best offer it would get, according to people who have reviewed the document.

 

 

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(Published March 28, 2013, in the Wall Street Journal.)