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
Trending On Reuters
Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday. Full Article