Michael Dell urges shareholders to take his offer

By: From Wire Reports
By: From Wire Reports

NEW YORK (AP) - Dell Inc. CEO Michael Dell has urged shareholders of the Round Rock-based computer company he founded to vote in favor of his offer to take it private.

Dell said in a regulatory filing Friday that taking the company private will make it easier to transform from a PC-focused business to one focused on business software, data storage and services.

The filing comes the same week that investor Carl Icahn proposed a $16 billion share buyback. Icahn is the company's second-largest shareholder after buying 72 million shares from fellow activist investor Southeastern Asset Management Inc.

The Dell board of directors has recommended that shareholders vote for the $24.4 billion offer from Michael Dell and the investment firm Silver Lake Partners.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 212514731 - kxii.com/a?a=212514731
Gray Television, Inc.