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Blackstone has confirmed today that it is withdrawing its bid to acquire Dell, citing poor PC sales, revised operating income projections and a "rapidly eroding financial profile". In a formal letter addressed to the Special Committee of the Board of Directors at Dell, the group led by Blackstone said it had discovered a number of "significant adverse issues" with the company during its due diligence process.
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Blackstone withdraws bid to buy Dell, blaming poor sales and a 'rapidly eroding financial profile' http://t.co/jyKvGDxB9x by @nisummers

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