Daily Herald - Suburban Chicago's source for news This copy is for personal, non-commercial use. To order presentation-ready copies for distribution you can: 1) Use the "Reprint" button found on the top and bottom of every article, 2) Visit reprints.theygsgroup.com/dailyherald.asp for samples and additional information or 3) Order a reprint of this article now.
Article updated: 2/11/2013 6:44 AM

Dell looks to calm shareholder concern over buyout


NEW YORK -- Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal.

Dell Inc. laid out the advantages of the transaction in a regulatory filing Monday, three days after a major shareholder ridiculed the buyout as a rotten deal that undervalues the business.

The company said the deal "shifts the risks facing the business to the buyer group" and allows time for alternate bids. Dell says shareholders will see if there are superior options available.

The computer company says that it determined with independent advisers that the cash bid by a group led by founder and CEO Michael Dell was in the best interests of stockholders.

Dell shares edged up 2 cents to $13.65 in premarket trading.

Copyright © 2014 Paddock Publications, Inc. All rights reserved.