Dell Says Shareholder-Advisory Firms Reiterated Deal Support
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Dell Inc., seeking investor support to take the personal-computer maker private at $13.88 a share, said its latest offer has received renewed backing of the top three shareholder-advisory firms.
Institutional Shareholder Services Inc., Glass, Lewis & Co. and Egan-Jones Ratings Co. have all put out reports reiterating their endorsement of the buyout, Dell said in a statement today. Company founder Michael Dell and partner Silver Lake Management LLC sweetened their offer to $13.88 last month by adding an extra dividend of 13 cents.