Dell says considered options before deciding to go private
Dell Inc had considered many strategic options before opting to go private, the company said in a regulatory filing.india Updated: Feb 11, 2013 18:22 IST
Dell Inc had considered many strategic options before opting to go private, the company said in a regulatory filing.
The struggling PC maker struck a deal last week with its chief executive officer, Michael Dell, private equity firm Silver Lake and Microsoft Corp(MSFT.O) to go private in a $24.4 billion deal.
Dell's largest independent shareholder, Southeastern Asset Management Inc, and three other investors have objected to the deal, saying the company is worth a lot more than the agreed upon $13.65 per share offer, Reuters reported on Friday.
The company said on Monday it had retained a management consultant to help assess its "strategic position" and concluded that the proposed all-cash deal was in the best interests of stockholders.
Dell said the statement was in response to "certain inquiries" but did not elaborate on the nature of the queries.