Institutional Shareholder Services, the largest proxy advisory firm, on Monday backed Michael Dell's $24.4 billion proposed buyout of the firm he founded, the New York Times is reporting.
Worldwide PC shipments are forecast by IDC to decline by 7.8 percent in 2013, following a 4 percent decline in 2012.
In a pitch to shareholders, Michael Dell said he wants to retool Dell from a PC maker into an enterprise software and services business.
Billionaire investor Carl Icahn and his partner Southeastern Asset Management could be ready to walk away from their effort to acquire Dell, according to AllThingsD citing a story by CNBC.
In a filing with securities regulators, billionaire investor Carl Icahn and Southeastern Asset Management are urging Dell shareholders to reject the offer by Michael Dell and his investor group to take the company private, according to an AP report.
In a presentation filed with securities regulators on Wednesday, Dell's board argued that the offer by billionaire investor Carl Icahn and Southeastern Asset Management to keep Dell public is underfunded by $3.9 billion, according to a report by the New York Times.
Billionaire investor Carl Icahn is working with partner Southeastern Asset Management to raise $7 billion from lenders to fund a bid for struggling computer maker Dell, according to a report by Reuters. Jefferies & Co. is reportedly leading the lending group and has committed $1.6 billion in funding.
Dell's special committee needs more information from Carl Icahn and Southeastern Asset Management to decide if their takeover proposal is credible, according to a report by Fox Business.
Billionaire investor Carl Icahn and Southeastern Asset Management are ready to submit a bid for struggling computer maker Dell, the New York Times is reporting.
Private equity firm Blackstone has dropped out of the bidding to acquire computer maker Dell, the Wall Street Journal is reporting.