It is vital for businesses to employ experienced professionals specialized in assisting companies to efficiently make informed decisions. Thorough investigations are invaluable in assessing possible investments
New York, NY (PRWEB) March 28, 2013
On March 25, news and technology blog DigitalOlympus.com commented on a Los Angeles Times article regarding private equity firm Blackstone Group’s due diligence investigations on Dell's books, as a key step in the process of making the most informed decision before offering to buy out Dell Inc.
In response to the Los Angeles Times article, DigitalOlympus.com noted that Blackstone’s exhaustive examination of Dell’s books –before deciding to buy the PC maker as part of a larger group of investors– is an important example of how due diligence is becoming a fundamental practice for businesses looking to optimize their decision making.
According to the Los Angeles Times article, Blackstone Group, which is now officially bidding for the company, “and larger personal computer makers Hewlett-Packard Co. and Lenovo Group Ltd. have inspected Dell's books after signing non-disclosure agreements.” The article further stated that Blackstone's interest in the company “is considered more serious than that of the other companies reviewing Dell's finances.”
Following the article, lead researcher at DigitalOlympus.com Josh Cole said: “The due diligence investigations conducted by Blackstone Group illustrate how business intelligence and due diligence practices can positively affect investment outcomes, and why they must be carried out with utmost precision”.
Cole also spoke of some recommendations for companies dealing with similar situations, “it is vital for businesses to employ experienced professionals specialized in assisting companies to efficiently make informed decisions. Thorough investigations are invaluable in assessing possible investments.”
The Los Angeles Times article on Blackstone’s due diligence on Dell concluded by stating that Mr. Icahn, who has also been examining the company’s financial books and whose proposal for topping Mr. Dell and Silver Lake Partners’ buyout is considered serious enough to meet with the special committee for further negotiations, “asked the company's directors to pledge that they would implement his dividend proposal if shareholders reject the Michael Dell-led offer,” something that could result in a complete replacement of the board members.
As a news and technology blog, DigitalOlympus.com is committed to promoting the adoption of business intelligence and due diligence practices that can help businesses optimize their decision making. The due diligence investigations conducted by Blackstone Group, in order to make the best possible bidding offer for Dell, can be perceived as an example of effective business intelligence and serves as a precedent for subsequent similar situations.
Digitalolympus.com is a news blog dedicated to educating its readers on the latest technology advances. They are committed to gathering information on up and coming technologies that will enhance the lives of their readership. Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses.