Dell is a Texas-based technology company founded by Michael Dell, and is the third largest PC maker in the world after HP and Lenovo. In early 2013, it announced plans for a leveraged buyout by its founder, in partnership with a group of investors and Microsoft.
Dell, the PC maker embroiled in a takeover battle between its founding chief executive and activist investor Carl Icahn, on Thursday reported a 72 per cent slide in quarterly earnings as PC sales extended their downward spiral.Friday, 16 August, 2013, 9:41am
Dell postponed a crucial vote on CEO Michael Dell’s US$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning over several large swing shareholders at the eleventh hour.19 Jul 2013 - 4:46am
Dell founder Michael Dell and his private equity partner Silver Lake would not raise their US$24.4 billion (HK$189.3 billion) bid for the world’s No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said.17 Jul 2013 - 11:59am
Billionaire investor Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block Dell founder Michael Dell’s US$24.4 billion (HK$189.3 billion) buyout offer ahead of a key shareholder meeting.11 Jul 2013 - 12:18pm
Blackstone pulled out of bidding for Dell amid concerns about the personal-computer maker's finances and the worsening outlook for global PC sales.
In a letter to Dell's board, Blackstone cited an "unprecedented" 14 per cent market decline in PC volume in the first quarter, according to a statement yesterday.20 Apr 2013 - 2:44am
The firm's sales for the year ending in January will slip to US$56.5 billion, and Dell's PC business will shrink by US$10 billion over four years, according to projections in a proxy statement filed with regulators. Its operating income will be stagnant at US$3 billion, according to the documents, which shed light on a US$24.4 billion buyout proposal led by private-equity firm Silver Lake Management and plans by CEO Michael Dell to accelerate a turnaround after going private.2 Apr 2013 - 4:44am
Michael Dell, the reclusive founder of Dell, the world's third-largest PC maker, is controversially trying to privatise his company, and will take on a US$16 billion debt to do so.18 Feb 2013 - 4:13am