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Billionaire Carl Icahn, seeking to scuttle a buyout led by Silver Lake Management LLC, is asking Dell Inc. investors to bet on a computer maker beset by rising competition, tumbling demand and a bigger debt load.
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Harris Teeter Supermarkets Inc., the U.S. grocery-store chain that’s boosted sales every year for a decade, is poised to secure the industry’s highest takeover valuation since 2007.
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Office Depot Inc. agreed to buy OfficeMax Inc. for $1.17 billion in a bid to revive a retailer that’s been losing sales to online rivals and Staples Inc., the largest U.S. office-supplies chain. The shares of both companies fell, with Office Depot dropping the most since April 2010.
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Unless Deutsche Telekom AG is prepared to abandon another attempt to exit the U.S. market, it has to sweeten the terms of its $33 billion deal to combine T- Mobile USA Inc. with MetroPCS Communications Inc.
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Blackstone Group LP and Carl Icahn’s bids for Dell Inc. are employing a rarely used deal tactic that has yielded both big payouts and big losses for shareholders.
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Diamond Foods Inc.’s decline after a report that director Joseph Silveira committed suicide may further complicate its proposed deal to buy the Pringles snack brand from Procter & Gamble Co.
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First Reserve Corp. and SK Capital Partners raised their takeover offer for TPC Group Inc. 13 percent to $705.9 million to fend off a competing bid for the world’s largest producer of butadiene.
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Dell Inc., the computer maker that agreed to a $24.4 billion buyout this month, is coming under increased pressure to make the deal more attractive to shareholders who say the transaction undervalues the company.
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Billionaire Paul Singer’s best chance to maximize his potential $800 million investment in Hess Corp. may be to press for a sale of the whole company after the oil and natural gas producer exits its refining and storage businesses.
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As Dell Inc.’s minority shareholders gain momentum in their push for a sweeter takeover price, Michael Dell could boost the offer to $15 a share and still pay the cheapest multiple among large technology buyouts.
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