Dell: Panel warns of ‘risk’ if buyout plan fails

Michael Dell was being pressured to raise his offer to be able to win backing from a majority of shareholders.


Afp July 07, 2013

NEW YORK: The special committee set up by Dell to evaluate options for the troubled computer giant warned Friday of “substantial downside risk” if shareholders reject a buyout plan led by founder Michael Dell. The filing comes ahead of a July 18 shareholder vote on a $24.4 billion buyout plan, which would take Dell private and allow Michael Dell to restructure the company without the pressures of a publicly traded firm. But some news reports said Michael Dell was being pressured to raise his offer to be able to win backing from a majority of shareholders. Corporate raider Carl Icahn has called the buyout plan a “giveaway” and is pressing for an alternative plan that could keep Dell public.

Published in The Express Tribune, July 7th, 2013.

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