Slashdot Mirror

← Back to Stories (view on slashdot.org)

Dell Special Committee Backs Michael Dell Buyout Bid

Posted by ryuzaki0 on from the dude-you-bought-dell dept.

DavidGilbert99 writes "In a surprising move, the special committee set up to decide which buyout offer was best for Dell has chosen to back the bid from founder Michael Dell, which promises the shareholders a smaller payday and will see him remain the head of the company." Their SEC filing on the matter indicates they are not confident that Icahn's counter-offer would actually provide the promised $12/share dividend.

3 of 38 comments (clear)

  1. seems reasonable by Trepidity · · Score: 4, Insightful

    In particular, the deal comes with a "majority of the unaffiliated" vote requirement, meaning that for it to go through, a majority of shareholders other than Michael Dell must vote in favor. If that happens, i.e. a majority of non-Michael-Dell shareholders think he should be allowed to purchase and continue running the company, then there is no reason it shouldn't happen.

    --
    10 PRINT CHR$(205.5+RND(1)); : GOTO 10
    1. Re:seems reasonable by AuralityKev · · Score: 3, Insightful

      But... Like... That's not NEARLY as sensational sounding. In fact, it seems goddamn downright reasonable and logical. That's not how I like my news!

  2. Re:This would be an April 1 joke! by Anonymous Coward · · Score: 4, Insightful

    Yep I see it too. Dell is moving to the enterprise and fast on its way to becoming a mini IBM where Apple is peddling gadgets and desperate for a new idea.