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cifikea

01/22/13 12:37 AM

#17438 RE: cifikea #17437

Dell (DELL) has reportedly hired boutique investment bank Evercore Partners to run a "go-shop process" that would seek other offers for the company should a group led by Silver Lake make a bid. The idea is to protect Dell from expected lawsuits and criticism that it didn't get the best offer possible. Silver Lake's proposal is likely to value Dell at $23-24B vs its market cap of $22.3B.