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.

5 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:Michael Dell should consult with Michael Dell by unixisc · · Score: 3, Informative

    As has been pointed out in the past, he said that in 1997 when Apple was floundering as a result of all the delays to Copland and struggling as a result of their inability to introduce an OS for the PowerMacs that were as modern as Windows 95 and the various Unices. It wasn't until 2001 - 4 years later - that Apple had OS X, which surfaced on PowerMacs. So in the context of all that, Dell had said, when asked, that he would be probably one of the worst people to lead Apple, and that if he got the job, that's what he'd do.

    Another case of taking a statement out of context, and applying it ridiculously. Something similar that used to be done to the late Ken Olsen of DEC

  3. 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.

  4. Re:First Task by rezalas · · Score: 3, Informative

    I worked for Dell tech support in Oklahoma City Oklahoma about 8 years ago. They have since expanded from one facility to three facilities in the area in addition to all the other US phone support campuses throughout the USA. They also provide support centers in South America and various parts of Europe and Asia to better serve their customers.