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专栏 - 从华尔街到硅谷

亲爱的戴尔,求你别在周日宣布交易

Dan Primack 2013年02月05日

Dan Primack专注于报道交易和交易撮合者,从美国金融业到风险投资业均有涉及。此前,Dan是汤森路透(Thomson Reuters)的自由编辑,推出了peHUB.com和peHUB Wire邮件服务。作为一名新闻工作者,Dan还曾在美国马萨诸塞州罗克斯伯里经营一份社区报纸。目前他居住在波士顿附近。
多家媒体报道称,戴尔可能很快就会宣布收购交易。最早可能在周日晚间就会发布消息。

    有多篇报道称,对戴尔公司(DELL)的收购已接近尾声,私募资本银湖资本(Silver Lake Partners)和迈克尔•戴尔计划在本周末敲定细节。

    路透社(Reuters)称,“最早在周一”就将发布官方消息,而《纽约邮报》(NY Post)则认为,双方可能在周日晚上就会宣布交易。

    周日晚上正好是美国橄榄球超级碗大赛。所以宣布该消息时可能适逢赛事中途,或开球前一刻,又或者是在赛后庆祝进行的时候。

    不妨让我为大家大致描述一下我家里会是什么景象:

    我:“亲爱的,我得上楼工作一个小时左右。”

    妻子:“但你邀请了好多人来看球。”

    我:“唔,对哦……你帮我招呼一下。还有,我正在做烧烤,你帮我看着点,别烤糊了。谢谢。”

    妻子:“但是,有人带了个婴儿来,孩子正在你办公室睡觉呢。”

    我:“我会小点声打字。”

    妻子:“@#%/23%@#?5@#@#!@%!@#!”(此处省略若干字)

    我明白。媒体关于戴尔收购案的报道可能稍稍抬高了些交易价格。而由于这是历史上最大的杠杆收购案之一,即使价格只有1%的涨幅,也意味着数亿美元。因此,在转播超级碗的周日宣布收购案将是对这帮狗仔队小小的报复。

    但这并不是记者们凭空瞎编。放出风声的通常是那些想要吓跑竞标对手的银行家、其它佣金随着交易规模水涨船高的服务提供商、或者没打算继续留在戴尔的既得利益高管等人。

    所以,戴尔,我求求你不要在周日晚上宣布交易案,不要耽误我们看超级碗。您(官方)已经守口如瓶了好几个星期了。再多坚持几个小时又能怎么样。

    感谢体谅。

    译者:项航

    There are multiple reports that the Dell Inc. (DELL) buyout is nearing the finish line, as Silver Lake Partners and Michael Dell plan to spend the weekend crossing T's and dotting I's.

    Reuters suggests that an official announcement could come "as early as Monday," while the NY Post thinks it could actually come the night before.

    By the night before, it means during the Super Bowl. Or just before kickoff. Or just after the confetti stops falling.

    Let me quickly sketch out how this will play in my house:

    Me: "Honey, I need to go upstairs to work for an hour or so."

    Wife: "But you invited all these people over to watch the game."

    Me: "Yeah, about that... Could you entertain them and make sure all the food I'm grilling comes out okay. Thanks."

    Wife: "But one of them brought a baby who's sleeping in your office."

    Me: "I'll type quietly."

    Wife: "@#%/23%@#?5@#@#!@%!@#!" [I'm paraphrasing here]

    Look, I get it. Media reports about this deal have probably inflated the price a bit. And since we're talking about one of the largest leveraged buyouts in history, even just a 1% bump means hundreds of millions of dollars. So announcing on Super Bowl Sunday would be a nice little return jab at the collective hackerati.

    But it's not like reporters make this stuff up. Leaks typically come from bankers looking to scare up a rival bid, or other service providers whose commissions rise alongside deal size. Or perhaps from some vested senior Dell execs who don't plan to stick around.

    So please Dell, I beg of you not to ruin our Super Bowl by announcing on Sunday night. You've been keeping your (official) mouth shut about this for weeks now. A few more hours won't hurt.

    Thank you for your consideration.

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