Blackstone Group will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the takeover firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.Blackstone and billionaire investor Carl Icahn separately made preliminary proposals in late March that, if finalized, could be superior to the offer on the table from Michael Dell and private equity firm Silver Lake Partners LP.The outcome of the auction would determine the future of Dell as well as Chief Executive Michael Dell, who founded the company in a dorm room in 1984 and turned it into the world's No.3 personal computer maker.In its first step toward firming up a bid, Blackstone is working closely with Michael Dell in putting together a new business plan and actively talking to him about staying on in his current role as CEO, two people familiar with the matter said.
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 remained unchanged at $19.42. In the past year, the shares have traded as low as $11.13 and as high as $21.09. On average, 5341090 shares of BX exchange hands on a given day and today's volume is recorded at 0.
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