SAN FRANCISCO Dell Inc DELL.O on Friday, responding to independent investment fund Southeastern Asset Management, said the proposed buyout deal offers immediate premium for stockholders and shifts the risks facing the business to the buyer group.
"The Board concluded that the proposed all-cash transaction is in the best interests of stockholders," Dell said in a statement.
(Reporting By Poornima Gupta)
Trending On Reuters
Activist hackers from the Anonymous collective have claimed responsibility for bringing down five government websites in Iceland in a protest against whale-hunting by the North Atlantic nation. Full Article