Wednesday, March 6, 2013

Dell Committee Backs Buyout

A special committee formed by Round Rock-based Dell's board of directors said today that it determined that the proposed sale of the company would be the "best alternative for stockholders." According to a statement by the committee, it spent more than five months evaluating Dell's current risks, opportunities and strategic alternatives before reaching the conclusion, looking at everything from leveraged recapitalization, changing the dividend policy, and potentially selling all or parts of the business. The statement comes as Dell has fought with a number of its biggest investors over the deal to sell Dell to founder and CEO Michael Dell and private equity firm Silver Lake Partners.