Dell says proposed offer shifts risks of business to buyer group
SAN FRANCISCO (Reuters) - 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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Obama In India
In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership. Read | Factbox