Dell Inc.'s (DELL) special committee overseeing offers to take
the company private has agreed to reimburse the due diligence costs
of bidder Blackstone Group LP (BX), but not those of competing
bidder Carl Icahn, Fortune magazine reported Wednesday on its
website, citing people close to the situation.
For its part, Blackstone threatened to drop its offer of at
least $14.25 a share for Dell unless the company agreed to cover
those costs. Hedge fund investor Carl Icahn, who has made a
preliminary offer to acquire 58% of Dell, didn't ask for or receive
a similar deal. Blackstone and Icahn are competing against a joint
$13.65-a-share offer from Dell founder Michael Dell and Silver Lake
Partners.
Spokesmen for Blackstone, Silver Lake and the Dell committee
declined comment to Fortune.
Full story at:
http://finance.fortune.cnn.com/2013/03/27/exclusive-dell-paying-blackstones-bills/
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