Skip to main content

Dell rejects request for info leading to buyout

posted onMarch 13, 2013
by l33tdawg

Dell has rejected a request from a shareholder rights group seeking to review the internal information that led to the proposed $24.4 billion sale of the struggling personal computer maker.

In a letter Tuesday, a Dell lawyer told the Shareholder Forum that the group hadn't met the legal standard for gaining access to the confidential assessments that swayed the decision-making process of Dell's board.

The Shareholder Forum, acting on behalf of an unidentified Dell shareholder, is trying to determine if the company is worth more than the $13.65 per share being offered by its CEO Michael Dell and a group of investors led by Silver Lake.

Source

Tags

Dell Industry News

You May Also Like

Recent News

Friday, November 8th

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Friday, June 7th