Breaking News Bar
updated: 7/8/2013 7:27 AM

ISS recommends vote for Dell founder's offer

hello
Success - Article sent! close
  • Michael Dell

      Michael Dell
    Associated Press

 

NEW YORK -- A top proxy firm is recommending that Dell shareholders vote in favor of a deal that would allow the company's founder and an investment firm to buy it and take it private.

Michael Dell and Silver Lake Partners have offered to buy the Round Rock, Texas-based PC maker for $13.65 per share, or a total of $24.4 billion. But Carl Icahn, Dell's second-largest shareholder, says he wants Dell to remain publicly traded and boost value by buying back its stock.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Institutional Shareholder Services pointed to the offer's hefty premium and the certainty of the all-cash bid.

ISS says that if shareholders don't take the offer, they have to be willing to continue to hold shares Dell as it continues to transform its business amid a deteriorating personal computer industry.

Dell shares rose 3 percent to $13.41 in premarket trading.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here