Friday, October 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Sony SmartWatch 3 And LG G Watch R Are Rolling Out With Updated Android Wear Software
New Nvidia Driver Enable DSR On Older Graphics Cards
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Dell Co...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 06, 2013
Dell Committee Supports Dell Buyout


The Special Committee of Dell's Board of Directors, which negotiated the PC maker's $24.4 billion buyout, says that the deal would be the best choice for the company.

The Special Committee, consisting of independent directors and working with our independent legal and financial advisors, undertook a process, over a period of more than five months, to evaluate Dell's current risks, opportunities and strategic alternatives. The alternatives included continuing with or modifying the company?s existing business plan, conducting a leveraged recapitalization, changing the dividend policy, and potentially selling all or parts of the business.

"As a result of that process, the Special Committee unanimously determined that the sale of the Company would be the best alternative for stockholders," Dell Comittes said in a statement today.

"We negotiated aggressively to ensure that stockholders received the best possible value and agreed to a $13.65 per share transaction that provides value certainty at a 37% premium above the average price for the 90 days before rumors regarding the transaction surfaced."

CEO Michael Dell, backed by other investors led by investment firm Silver Lake, is trying to buy out the company he founded for $13.65 per share.

Southeastern Asset Management, the investment firm that owns an 8.4 percent stake in Dell, has demanded the names of other shareholders, possibly in an effort to oppose the deal.

Citing unidentified sources, CNBC reported Wednesday that billionaire Carl Icahn has been accumulating up to 100 million shares of Dell stock.


Previous
Next
Kinect 2.0 Supports Gesture controls        All News        Microsoft Office 2013 Is Now Transferable
Time Warner To Spin Out Time Magazine     General Computing News      Microsoft Office 2013 Is Now Transferable

Get RSS feed Easy Print E-Mail this Message

Related News
Dell Creates Virtual Smartphone
IFA: Dell Updates Its PC Portfolio
Computex: Dell Announces New Inspiron 2-in-1,Venue Tablets and All-in-One PCs
Dell to Use Recycled Plastics in PCs
Dell Unveils New Desktop Virtualization Solutions
New Dell Inspiron 5000 Series Laptops and All-in-One Desktops Coming This Week
Dell Introduces Latitude Rugged Extreme Lineup
Dell Offers Per-App VPN Access Controls For BYOD Mobile Workers
Microsoft and Dell Sign Patent Licensing Deal
Dell Acquires StatSoft to ADvance Its Big Data Solution
Dell Announces Precision M2800 Mobile Workstation PC
Dell Unveils Latitude 13 Education Series Laptop

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .