In the current context of the Securities and Exchange Commission filing, Dell reports that he "considered a range of strategic options." The company has also hired a "consultant leading management to help assess the strategic position of society. "These alternatives and evaluation consultant, Dell led the way to go private.
"On the basis of this work, the Board concluded that the proposed cash transaction is in the best interest of shareholders," Dell wrote in his filing. "The transaction provides immediate and attractive premium to shareholders and shift risk to the company for the buyer group. Moreover, and importantly, the process go-shop offers shareholders the opportunity to determine whether there alternatives that are superior to this offer. "Dell announced earlier this month a $ 24.4 billion deal led by founder and CEO Michael Dell and investment firms Silver Lake Partners. Silver Lake and Dell offer $ 13.65 per share. Microsoft contributes a loan of $ 2 billion.
Dell SEC filing today could be a response to the kerfuffle that erupted Friday when Southeastern Asset Management, which owns 8.5 percent of the shares of Dell and is the largest shareholder of the company to the outside, said he opposes plans for the machine to the computer to go private. In a letter to the Board Dell southeast said the agreement "grossly underestimates the company."
Reuters reported Friday that South East may not be alone. An anonymous source told Reuters that Harris Associates, Yacktman Asset Management and Pzena Investment Management, which together hold 3.3 percent of the shares of Dell, could also be against the agreement.
Southeastern said he is ready to launch a proxy fight to stop the operation.
