Sunday, March 25, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Tesla and Mozilla Among Businesses That Paused Facebook
Low-Cost iPad For Classrooms Coming Next Week
Google Says Publishers are Responsible for Getting Users' Consent to Comply With New EU Privacy Law
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips
Streaming Services Keep Driving Music Business
Huawei Could Release 512GB and Blockchain-Ready Smartphone
Sony Announces Pricing and Availability for A8F BRAVIA OLED TVs and 85" Class X900F and X850F Series 4K HDR TVs
New Samsung Exynos 7 Series 9610 Mobile Processor focuses on Multimedia
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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.

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
HPE and Dell Server Sales Soar in Q4
Dell Evaluating Potential Business Opportunities
CES: Dell Releases New PCs, Dell Mobile Connect Will Sync Messages, With iPhone and Android
Dell Redesigns the XPS 13 Laptop
HPE and Dell Continue to Lead the Storage and Server Markets
Dell's Black Friday and Cyber Monday Deals Are Launching Now
Dell is Doubling Down on the Internet of Things
The New Dell Inspiron 5000 Series Now Available
Dell Sees Solid Growth in Worldwide PC Monitor Market
Dell and Alienware Debut New Gaming Rigs and Monitors
Dell Updates the Precision Workstation Lineup
New Dell Latitude 2-in-1s Arrive With Wireless Charging Features

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .