M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Wednesday, January 30, 2013

Dell being cautious

... and rightly so.  From Bloomberg:

Michael Dell, the special committee of the company’s board and their advisers are finalizing details of the equity financing while making sure they have explored all possible alternative options, including a sale to other buyers, said two of the people familiar with the situation. Given the potential for conflicts in a deal where Michael Dell helps take his company private, financial advisers and Dell’s board are being extra cautious, said these people.

Evercore Partners Inc. (EVR), which is advising the special committee of the board, has approached other potential buyers and no alternative bids have emerged so far, said one of the people. Dell and its advisers have also explored the possibility of a dividend recapitalization, which would involve taking on debt to help pay for a special dividend, as a way to increase shareholders’ value, said another person.

What's the over/under on the number of suits filed once this transaction is announced regardless of how good the process?  I say 9.

-bjmq

 

 

 

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