Bidding for control of Dell (click ticker for report: ) between CEO/founder Michael Dell’s consortium, Carl Icahn, and Blackstone appears to be heating up. At this point, we’re fairly confident shareholders will receive more than the initial offer of $13.65, but how much more remains unknown. We think $15 is reasonable, but we would not be surprised to see the firm fetch a higher price with the amount of cash available for financing. Still, merger-risk arbitrage is not Valuentum’s style, so we won’t take a position in the portfolio of our Best Ideas Newsletter.
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