Sunday, November 29, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
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 > Dell Bo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 31, 2013
Dell Borard Ugres Shareholders To Support Chairman's Buyout Offer

Dell has filed definitive proxy materials with the Securities and Exchange Commission (SEC ) to approve a transaction under which Michael Dell, the company's Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire the company for $13.65 per share in cash.

In addition, Dell's Special Committee of the Board of Directors has issued an open letter to shareholders recommending that shareholders vote to approve the transaction, saying the bid was superior to other strategic options.

Activist investor Carl Icahn and Southeastern Asset Management launched a $21 billion counter offer for Dell earlier this month that would allow shareholders to keep their shares.

At a Special Meeting of Stockholders to be held on July 18, 2013, Dell's shareholders will be asked to vote on that transaction.

Dell's Special Committee was formed last August after Michael Dell informed the the company's board he was exploring the possibility of proposing a transaction to take Dell private. The comittee also hired a group of independent legal and financial advisors and retained The Boston Consulting Group to help them evaluate the risks and opportunities in both the PC business and the Dell's effort to transform itself into a more enterprise-centric business.

The committte concluded unanimously that a sale to the Michael Dell/Silver Lake group for $13.65 per share was the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices.

"Having conducted a thorough and probing review of Dell's challenges and opportunities, we believe that the risks and uncertainty of a stand-alone public company are high and that the transaction we have negotiated offers superior value for Dell stockholders. We unanimously recommend that stockholders vote to approve the transaction by voting "FOR" the Michael Dell/Silver Lake merger agreement at the Special Meeting of Stockholders," reads the committe's letter to Dell's shareholders.

Hon Hai Opens Research Center In Japan        All News        New LG Smart TV App Helps Aspiring Golfers
Hon Hai Opens Research Center In Japan     General Computing News      Google To Invest $12 million In South African Solar Project

Get RSS feed Easy Print E-Mail this Message

Related News
Dell Says Security Hole Identified In Some Laptops
Dell's Black Friday And Cyber Monday Offers on PCs, Tablets And More
Dell And Microsoft Introduce Hybrid Cloud Syste
Dell Unveils Smaller, Faster OptiPlex Business PCs
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Dell Releases Windows 10 XPS Devices
Dell May Buy Data Storage Company EMC: reports
Dell To Invest $125 Billion in China
Microsoft and Dell Partner to Deliver Windows 10 devices And Support to the Enterprise
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Dell Releases TLC-based Flash Storage Arrays

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 .