Mitsubishi Would Help Finance a Blackstone-Dell Deal [REPORT]

Updated on

Mitsubishi Would Help Finance a Blackstone-Dell Deal [REPORT]

The Blackstone Group L.P. (NYSE:B)’s takeover bid for Dell Inc. (NASDAQ:DELL) would get financing from Mitsubishi UFJ Financial Group Inc. (TYO:8306) (NYSE:MTU) according to a new report. FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Mitsubishi UFJ would “provide at least a chunk” of debt financing in Blackstone Group’s takeover bid for Dell Inc. Gasparino says that Morgan Stanley is working with The Blackstone Group L.P. on the Dell Inc. (NASDAQ:DELL) bid and explains that Morgan Stanley is 22% owned by Mitsubishi.

Excerpts from the report are below.

On Morgan Stanley’s role in Blackstone’s takeover bid for Dell:

“There is a takeover battle for Dell and Blackstone is one of the bidders. Guess who’s behind the The Blackstone Group L.P. (NYSE:BX) deal. Morgan Stanley. Guess who’s behind Morgan Stanley. Sources are telling the FOX Business Network that Mitsubishi UFJ will provide at least a chunk of this debt financing. Morgan Stanley (NYSE:MS) is 22% owned by Mitsubishi UFJ, it was a loan that was given during the financial crisis when Morgan Stanley looked like it was going out of business and that loan is coming in handy in this deal. It may provide the margin of difference to get the Blackstone deal done and approved.”

Leave a Comment