Dell A Step Closer To Vote In Favor Of Michael Dell’s Deal

Posted on Jun 5 2013 - 8:59pm by Editorial Staff

We reported last week that Dell asked its shareholders to vote in favor of company’s head Michael Dell deal and today, in an investor presentation, Dell has put up clearly that it thinks that the company should go private under CEO Dell and Silver Lake only.

The Special Committee of the Board of Directors of Dell has filed an investor presentation with the U.S. Securities and Exchange Commission supporting the merger agreement between the Company and entities owned by Michael Dell and investment funds affiliated with Silver Lake Partners.

As reported earlier, now the offer stands as Michael Dell, the company’s Founder, Chairman and Chief Executive Officer, in partnership with Silver Lake, will acquire the company for $13.65 per share in cash as well as the Board recommend its stockholders today to vote “FOR” the $13.65 per share cash sale to Silver Lake and Michael Dell.

 

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