Silver Lake’s bid likely best for Dell
Reuters: New York, Jan 26 2013, 03:15 IST
A potential bid by PE firm Silver Lake and its partners to take Dell private is unlikely to be topped by other investors, people familiar with the matter said.
Silver Lake has a major advantage in having secured the backing of founder and CEO Michael Dell, who has a roughly 16% stake in the world’s No.3 PC maker and would participate in the buyout consortium. A deal is imminent with Silver Lake and its partners although the parties have yet to agree on a final price, sources said.
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