Round Rock: The Dell board is standing behind a buyout offer from the company's CEO and founder, and it has asked shareholders of the slumping PC maker to approve the deal in a July 18 vote.
The company's announcement Friday is the latest volley in a battle with prominent shareholders over the company's future and Michael Dell's role in it.
Dell directors unanimously recommended an offer from Michael Dell and the investment firm Silver Lake Partners to take the company private for $24.4 billion, or $13.65 per share, according to filings with the Securities and Exchange Commission.
A board special committee told shareholders in an open letter Friday that Michael Dell's plan was the best option, and that it offered certainty and "a very material premium" in a challenging business environment. It noted that the price represented a premium of about 37 percent over the stock's average closing price in the months before rumors about a potential deal surfaced....
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01:09 PM, Jun 01, 2013
Dell Inc moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis. ...
05:41 PM, Feb 05, 2013
Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday. ...
12:18 AM, Feb 03, 2013
Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters, propelling shares of the No. 3 computer maker 7 percent higher. ...
11:38 AM, Jan 16, 2013
Dell's stock soared 13 per cent Monday on a report that the struggling personal computer maker is in talks to take the company private. ...
12:25 PM, Jan 15, 2013
New Delhi: Tata Communications on Wednesday said that it would not make any offer to acquire Cable & Wireless Worldwide as it had failed to reach agreement with the British firm. "TCL was evaluating a possible cash offer for Cable & Wireless Worldwide Plc (CWW). TCL today confirms that it has been unable to reach agreement with CWW on an offer price and therefore confirms that it does not intend...
11:07 PM, Apr 18, 2012
Tokyo: Sony Corporation (Sony) has finally announced that it has finally acquired Telefonaktiebolaget LM Ericsson's ("Ericsson") 50 per cent stake in the pair's former joint venture Sony Ericsson Mobile Communications AB ("Sony Ericsson"). The company also announced to rename the now fully Sony owned Sony Ericsson as "Sony Mobile Communications". This marks the completion of the transaction jointly announced by Sony and Ericsson on October 27, 2011, and makes Sony...
11:45 AM, Feb 16, 2012
Too early to comment on lay-offs, says buyer of fraud-hit IT giant. ...
07:27 PM, Apr 20, 2009
Spice Group, L&T and Tech Mahindra are reportedly in the race to buy Satyam. ...
07:01 PM, Feb 23, 2009
L&T is likely to present a revival plan to the new board. ...
12:58 PM, Jan 22, 2009
The Corporate Affairs Minister says there is no decision yet on sale. ...
03:02 PM, Jan 21, 2009
Pune: Pune Warriors India allrounder James Hopes has been ruled out of the upcoming Indian Premier League (IPL) season five due to a knee injury, dealing a blow to Pune's preparations for the mega event. Pune bought Hopes from Delhi Daredevils last month and was the only overseas player the franchise had signed this season apart from West Indies' allrounder Marlon Samuels. Hopes' absence means Pune now have two foreign...
03:39 PM, May 06, 2008
Melbourne: Former Australian captain Bill Lawry expects a run feast in the upcoming India-Australia Test series starting with the Boxing Day clash on Monday. I think this will be a big, high-scoring series of four Tests. The side that bats the best probably will win the series but I think a lot of runs are going to be made anyway, Lawry told the Sydney Morning Herald. Lawry backed Ed Cowan...
08:25 AM, Apr 02, 2008
Kolkata: Trailing the three-Test series against India 1-0, West Indies skipper Darren Sammy said they would look to capitalise on the positives from the opening match and bounce back in the second game beginning here on Sunday. West Indies had the Indian batting line-up in a spot of bother to take a 95-run first innings lead, but allowed the advantage to slip away to go down by five wickets. Sammy...
12:19 AM, Mar 19, 2008
Dubai: England batsmen Jonathan Trott and Alastair Cook expressed happiness on winning the Cricketer of the Year and Test Cricketer of the Year awards respectively, at the annual ICC awards ceremony held in London earlier this week. Trott, who beat competition from his national teammate Cook, South Africa's Hashim Amla and India's iconic batsman Sachin Tendulkar to walk away with top honour, said it was a "great feeling". "I am...
03:22 AM, Feb 29, 2008
Pacer Varun Aaron attributed his India call-up for ODIs against England to his good show in Australia. ...
09:03 PM, Feb 23, 2008
Johannesburg: South Africa's new ODI and Twenty20 captain AB de Villiers has said he would like to change the Proteas history of crumbling at big events. De Villiers, the current ICC ODI player of the year, has succeeded Graeme Smith, who will stay on as Test skipper. There is a lot of responsibility on my shoulders and I am really looking forward to it, De Villiers was quoted as saying...
01:37 AM, Feb 02, 2008
Satyam Computer Services Ltd has set aside $1 billion to buy companies. ...
03:33 PM, Sep 16, 2007
Wipro's consumer-products unit has bought Singapore's Unza Holdings, makers of toiletries, for $246 million in cash. ...
09:19 PM, Jul 06, 2007
Walt Disney Co's sports network ESPN has acquired pioneering cricket website 'Cricinfo'. ...
09:35 PM, Jun 11, 2007
