黑石考慮加入爭奪，戴爾權杖或將不保
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????邁克爾?戴爾正在設法讓戴爾公司（Dell）從個人電腦制造商轉型為處于世界領先水平的企業服務供應商，而他想要的只是讓大家還他一個清靜。因此他和私募股權公司銀湖資本（Silver Lake Partners）合作，打算以244億美元（1,529.88億元人民幣）的報價將戴爾私有化，這樣就有希望讓戴爾從投行分析師和電視新聞節目主持人的視線中消失。不過，他也可能因為這一重大舉措而離開戴爾，只是這種可能性比較小。 ????正如此前出現過的報道，一些公司和投資人也打算對戴爾發起收購，或者至少正在進行初步考察，其中包括黑石集團（The Blackstone Group）、著名投資人卡爾?伊坎、聯想和惠普（Hewlett-Packard）。詢價活動將在本周五截止。 ????邁克爾?戴爾已經向戴爾特別委員會保證，他“仍將真心實意地和任何競購對手進行合作”，而且他將“和中立股東一起對特別委員會推薦的任何更好的收購方案投出屬于自己的一票，或者出于自己的選擇對這樣的方案投贊成票?！钡荒鼙ＷC他和競購對手合作時真的會同意把戴爾股份換來的資金再換成戴爾的股份，或者繼續擔任首席執行官（CEO）。 ????本刊已經了解到，黑石集團（Blackstone）正在認真考慮對戴爾提出收購，而且它希望邁克爾?戴爾能站在自己這一邊。不過，如果他更愿意繼續和銀湖資本聯手，黑石集團就會采用應急方案。也就是說秘密地找人取代邁克爾?戴爾的CEO職位。 ????黑石集團的首選之一是惠普（Hewlett-Packard）前首席執行官，目前在甲骨文（Oracle）擔任總裁兼董事的馬克?赫德。還不清楚赫德是否顯示出同樣的興趣，但據說黑石集團一直在“很積極”地開展這項非正式的招聘工作。 ????此事牽涉到的另一個名字是邁克爾?卡佩拉斯，他曾是康柏電腦（Compaq Computer）和銀行卡處理服務供應商第一資訊（First Data）的負責人，最近一份工作是在虛擬計算環境聯盟【VCE，主要由思科（Cisco）和EMC出資設立】擔任董事長?？ㄅ謇惯€是投資公司Kohlberg Kravis Roberts & Co.的高級顧問。該公司去年曾考慮收購戴爾，但中途退出。 ????要說明的是，不能保證黑石集團會對戴爾提出正式收購，更不用說半敵意收購。但這家私募行業巨擘顯然已經完成了初步考察工作，目前正在尋找資金來源。 ????黑石集團拒絕就此發表評論。（財富中文網） ????譯者：Charlie |
????Michael Dell just wants everyone to leave him alone, while he tries to transform his eponymous PC company into the world's leading provider of enterprise services. So he partnered with private equity firm Silver Lake Partners on a $24.4 billion take-private bid, that would remove Dell from the regular purview of bank analysts and cable news talking heads. But there is a small chance that his power move could actually lead to his departure. ????As has been previously reported, several companies and financiers are at least kicking the tires on a rival bid for Dell Inc. (DELL), during a "go-shop" process that concludes this Friday. They include, but are not necessarily limited to, The Blackstone Group (BX), Carl Icahn, Lenovo (LNVGY) and Hewlett-Packard (HPQ). ????Michael Dell has promised Dell's special committee that he "will remain available to work in good faith with any competing bidder," and that he would "vote pro rata with the unaffiliated stockholders on any superior transaction recommended by the Special Committee or, at his option, in favor of such transaction." But there is no guarantee that he would actually partner with a rival bidder by agreeing to roll over his shares, or by sticking around as CEO. ????Fortune has learned that Blackstone is seriously considering a bid, and that it would prefer to have Michael Dell on its side. If he prefers to remain tied to Silver Lake, however, Blackstone is trying to make contingency plans. Namely, this means using back channels to reach out to potential CEO replacements. ????One of its top choices is Mark Hurd, the former Hewlett-Packard CEO who currently serves as president and a board member of Oracle (ORCL). Unclear if Hurd has reciprocated the interest, but Blackstone's informal recruiting effort is said to have been "aggressive." ????Another name mentioned has been Michael Capellas, the former Compaq Computer and First Data boss who most recently was chairman of virtual computing environment VCE (largely funded by Cisco and EMC). Capellas also serves as a senior advisor to Kohlberg Kravis Roberts & Co. (KKR), which last year had considered a Dell bid before dropping out of the process. ????To be clear, there is no guarantee that Blackstone will make a formal bid -- let alone a quasi-hostile one. But it appears that the private equity giant is past the tire-kicking stage, and is now in the process of pursuing drivers. ????Blackstone declined to comment. |
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