Under a new ownership, Dell could have different leadership and potentially commit to a new strategy, said Alex Khutorsky, managing director of The Valence Group, a merger and acquisition advisory firm. The board will weigh the bids it has received as well as who is behind them, he noted, but the "who" is not likely to be what drives its decision.
"Other than in a fully financed, all-cash bid, a bidder's reputation is always a factor in a board's bid evaluation," he said. "Having said that, it's rarely the deciding factor."
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