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Friday, March 29, 2013

Michael Dell spoke with Blackstone during 'go-shop'-source, (NYSE: BX), (NASDAQ: DELL)

Dell Inc founder and CEO Michael Dell met with private equity firms Blackstone Group LP and Francisco Partners during the computer maker's "go-shop" period, a person familiar with the matter said on Friday.The meetings, which took place on March 7 and 8, will be disclosed in Dell's proxy statement on Friday and indicate Blackstone explored early on the possibility of keeping Michael Dell as CEO in a bid to take over the company, the person said on condition of anonymity because the information was not yet public.Michael Dell also met this week with Blackstone's senior managing directors Dave Johnson and Chinh Chu, although the outcome of these discussions has yet to become clear, the person added.Blackstone and Dell declined to comment.

The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.35% or $-0.27/share to $19.78. In the past year, the shares have traded as low as $11.13 and as high as $21.09. On average, 5467430 shares of BX exchange hands on a given day and today's volume is recorded at 3850622.

Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL fell by 0.07% or $-0.01/share to $14.33. In the past year, the shares have traded as low as $8.69 and as high as $16.85. On average, 38457100 shares of DELL exchange hands on a given day and today's volume is recorded at 22144804.



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