Michael Dell run the risk of losing the company that founded

Michael Dell's plan to close the capital of Dell Inc. could end up leaving backfired, since other potential buyers consider potentially bigger deals that, if accepted, could take executive control over your business.
The Blackstone Group LP and the activist investor Carl Icahn expressed interest in computer manufacturer before the end of the period for other offers, on Friday by a Special Committee of the Board of Directors of Dell who are working in firm offers for the company based in Round Rock, Texas, according to people aware of the issue.
This step gives the Blackstone and the Icahn four more days to prepare their bids, these people said, adding that neither of the two potential deals Blackstone Icahn by Dell or outweigh the price of $ 15 per share.
Any firm offer is made to compete with the proposal led by Michael Dell and private equity firm Silver Lake Partners bought Dell for $ 24.4 billion, announced last month. The offer, which represents a payment of $ 13,65 per share, has been criticized by some shareholders, who claim that she subvaloriza the company.
Dell, 48, who owns 14% of the company that he founded in 1984 in University accommodation where he lived during college, is who has potentially more to gain if the acquisition led by Silver Lake victorious and perhaps more to lose if the deal takes.
The acquisition in conjunction with the Silver Lake would give majority control in the Dell company heritage and the opportunity to lead a company facing plan, since he would remain as Chief Executive Officer and Chairman of the Board, which would give him more control.
But if the Blackstone, Icahn or other cast down the Silver Lake business, Dell could end up outside, with no power at the company. This can put pressure on Dell and Silver Lake to increase its offer. At the same time, Dell can profit from any rival bid higher, given the size of his stake in the company. Michael Dell did not respond immediately to an e-mail asking for comments. A Dell spokesman declined to comment on Dell's role in any potential alternative offer of purchase.
The company informed that Dell searched the Dell Board last August to buy the outstanding shares of the computer maker. This plan led the Council to hire outside financial advisers to explore a sale or other options for the company and, finally, to agree to the sale of the company to Silver Lake last month.
To help fund the deal, Dell has promised to include their own shares, valued at more than $ 3.7 billion to purchase offering price, plus $ 750 million in cash and stock for its investment fund, the MSD Capital LP. The total value of its commitment far outweighs the sum of $ 1.4 billion promised by Silver Lake for business.
But if Blackstone can bring down the purchase offer, Dell may lose his position as Chief Executive Officer. The Blackstone is working on a proposal that would not require Dell to contribute with their actions, told people the couple. It is not clear whether Blackstone would ask Dell to contribute with their participation.
While Blackstone worked to assemble a potential rival bid, she also addressed other executives about the possibility of assuming the position of CEO of Dell. Among the potential candidates approached by Blackstone are Michael Capellas, former Chief Executive of computer maker Compaq, which is now part of Hewlett-Packard Co.
Under the agreement with Silver Lake, the Board of Directors of Dell succeeded Michael Dell agreed with a clause that prevents him from blocking a purchase agreement that it does not support. According to documents submitted to regulators, if Dell's shareholders vote in favour of an agreement which is not of Silver Lake, Dell has promised to give to your vote the same weight of other shareholders, essentially neutralizing their participation.
Dell has been one of the toughest defenders of the plan to close the company, capital idea he sporadically raise public and private way for several years. Recently, at a meeting of the Board of Dell, in December, the Executive has exposed his case of why your strategy to straighten the company was incompatible with the stock market.
In the presentation, Dell has established four priorities for the company, he said, probably would be badly received by investors, according to one person privy to the contents of documents that will be presented to regulators detailing the facts that led to the acquisition agreement.
Dell include priorities continue to invest in acquisitions and internal development of enterprise software and services, investments in PCs and tablets from Dell brand, hiring more sales teams to focus on products to enterprises and to invest in the expansion in emerging markets that usually have smaller profit margins, said people privy to the subject.
In large part, the strategy continues that Dell had been making as a publicly traded company. According to a person informed of the content of the document that will be presented to regulators, Dell said the members of the Council that he supported the plan to close the company's capital because the strategies he outlined probably pesariam on profit and would undermine the value of action if the company is still being negotiated.