Dell rejects request for info leading to buyout
Dell has rejected a request from a shareholder rights group seeking to review the internal information that led to the proposed $24.4 billion sale of the struggling personal computer maker.
In a letter Tuesday, a Dell lawyer told the Shareholder Forum that the group hadn't met the legal standard for gaining access to the confidential assessments that swayed the decision-making process of Dell's board.
The Shareholder Forum, acting on behalf of an unidentified Dell shareholder, is trying to determine if the company is worth more than the $13.65 per share being offered by its CEO Michael Dell and a group of investors led by Silver Lake.
Dell Inc. granted another request to provide a list of its shareholders and other records to its largest independent stockholder, Southeastern Asset Management.
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