Saturday, July 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Minecraft Windows 10 Edition Beta Revealed
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > ISS Bac...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 08, 2013
ISS Backs Michael Dell's Buyout Offer


Institutional Shareholders Services (ISS), the biggest shareholder-advisory firm, said on Monday that Dell investors should accept Michael Dell?s $24.4 billion leveraged buyout offer.

ISS cited a 25.5% premium to Dell?s unaffected share price, the certainty of value provided by an all-cash deal, and the transfer of risk given Dell?s PC business as reasons that they support the buyout offer.

Michael Dell and Silver Lake Management are seeking a $13.65 per share buyout deal.

ISS?s recommendation could have an impact to the outcome of Dell shareholders accepting Michael Dell's offer.

"The issue facing Dell shareholders at this meeting has been framed in some media commentary as a choice between the sale to Michael Dell and Silver Lake Partners, or the leveraged recapitalization proposed by Icahn and SAM. It is not," ISS said in its report. "The alternative to accepting the buyout offer is to continue holding equity in a publicly-traded Dell, with continued exposure to the risks and rewards of ownership," ISS added referring to Carl Icahn?s efforts to counter Dell?s offer.

Icahn and Dell shareholder Southeastern Asset Management Inc., has pressed Dell to buy back about 1.1 billion shares at $14 apiece, while leaving the remainder of the company public.

Dell shareholders will vote on July 18 on the leveraged buyout proposal.


Previous
Next
Microsoft Introduces Power BI for Office 365        All News        Apple Is Giving Away Apps For Free
Microsoft Introduces Power BI for Office 365     General Computing News      Apple Is Giving Away Apps For Free

Get RSS feed Easy Print E-Mail this Message

Related News
Dell Delivers New PowerEdge C-Series Platform
Computex: New Dell Inspiron Laptops, 2-in-1 and Desktop Devices For Everyday Computing Needs
Dell Introduces New Wireless Docking Solution
Dell Introduces New Servers to Accelerate Enterprise Applications
Dell Venue 10 7000 Tablet Releasd With A 3D Camera, OLED screen
Dell Releases The New 24-inch Monitor For Mainstream Users
Dell Takes Top Spot in Enterprise Client Device Shipments
Dell Support Will Contact You Before Your PC Crashes
Dell M3800 Mobile Workstation Now Available With 4K Display
Dell Launches Malware Protection and Detection Service
Dell Releases New Enterprise Class Dell Storage Arrays
Dell Announces New Devices Including XPS 13 with 4k Borderless Display, Curved Monitor

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .