Dell says considered options before deciding to go private
REUTERS - Dell IncDELL.O had considered many strategic options before opting to go private, the company said in a regulatory filing.
The struggling PC maker struck a deal last week with its chief executive officer, Michael Dell, private equity firm Silver Lake and Microsoft Corp(MSFT.O) to go private in a $24.4 billion deal.
Dell's largest independent shareholder, Southeastern Asset Management Inc, and three other investors have objected to the deal, saying the company is worth a lot more than the agreed upon $13.65 per share offer, Reuters reported on Friday.
The company said on Monday it had retained a management consultant to help assess its "strategic position" and concluded that the proposed all-cash deal was in the best interests of stockholders. (link.reuters.com/buj85t)
Dell said the statement was in response to "certain inquiries" but did not elaborate on the nature of the queries.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)
- Tweet this
- Share this
- Digg this
- Verizon profit misses expectations, shares fall
- UPDATE 4-Zimmer to buy Biomet for $13.35 bln in latest consolidation
- UPDATE 4-Boy and girl on Korean ferry drowned with life jackets tied together
- Japan's NTT Docomo to exit Indian market - Nikkei
- UPDATE 2-U.S. proposal would ban e-cigarette sales to minors, allow advertising
India may cede top rice exporter spot under Southeast Asian price onslaught. Full Article