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Dell says proposed offer shifts risks of business to buyer group
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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)
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