On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
65° Feels Like: 65°
Wind: E 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 77°

Tonight

Thunderstorms Early 65°

Tomorrow

Cloudy 77°

Dell says considered options before deciding to go private

(Reuters) - 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 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. (link.reuters.com/buj85t)

Dell said the statement was in response to "certain inquiries" but did not elaborate on the nature of the queries.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments