Stocks to Watch: Dell, BlackBerry, Dollar General
NEW YORK -- A special committee of Dell's
Founder Michael Dell and a group of investors, including private-equity firm Silver Lake, announced a $24.4 billion bid for the PC maker in February. Friday marked the end of a 45-day period that Dell's board set to allow for offers that might top that deal to take the company private.
Icahn has offered $15 a share for 58% of Dell, while Blackstone has proposed paying more than $14.25 a share, a source told Reuters. Michael Dell and the Silver Lake group had agreed to buy all of Dell for $13.65 a share.
Dell could make an announcement as soon as Monday about whether the rival offers might lead to a superior bid, the source told Reuters.
Raymond James analyst Tavis McCourt said despite BlackBerry seeing some positive data on initial demand for the BlackBerry 10 platform, competition is increasing, and fast, from rivals Samsung, Apple
-- Written by Joseph Woelfel
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