Dell going private (2013)
Founder Michael Dell and Silver Lake agreed to take the computer maker private. A go-shop window let rival bidders step forward, and investor Carl Icahn pushed for a higher price, forcing the offer up before it closed.
The deal closed in October 2013 after the price was raised to win over holdout shareholders.
It became a template for how a go-shop window and activist pressure can reshape price even after a deal is signed.
Like Dell, Reliance Worldwide runs a go-shop window that invites rival bids; the Dell case shows such windows rarely produce a rival but can still shape the final terms.
