According to a report in the NY Post a Dell Inc. special committee yesterday continued to back a
buyout bid from CEO Michael Dell, saying a rival offer from Carl Icahn comes up
a bit short — like $3.9 billion short.
Icahn and his partner, Southeastern Asset Management, hope
shareholders turn down the founder’s $13.65-a-share offer in favor of their
plan for a $12-a-share dividend. But the
board said Icahn had enough funding only to pay for a $9.35 dividend. The committee, in a dour, 42-page regulatory
filing, said the negative trends in the company’s core PC markets make the
Michael Dell bid, backed by Silver Lake Management, the only way to go….
No comments:
Post a Comment