That’s the conclusion Blackstone Group reached after
weighing a rival takeover bid for the struggling PC maker, The Post has
learned.
Blackstone, the buyout firm led by Steve Schwarzman, talked
with Citi in recent days about helping finance an offer before deciding it
would be too difficult to pull off, sources said. Ultimately, the executives who gathered at Blackstone’s
offices, including Citi’s vice chairman of global banking, Chad Leat, decided
that it would be tough to come up with some $5 billion in equity to top an
offer from rival buyout firm Silver Lake Partners.
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