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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.

1 of 38 comments (clear)

  1. Michael Dell should consult with Michael Dell by BravoZuluM · · Score: 0, Redundant

    I'd shut it down and give the money back to the shareholders

    Read more: http://www.businessinsider.com/michael-dell-1997-apple-quote-2013-2#ixzz2VMh5IUD9