Dell Board Defends Actions, Looked at Breakup and Leveraged Recap
Dell Inc.’s board of directors, facing steady criticism from shareholders, defended its actions in selling the company to founder Michael Dell in a statement Wednesday.
The board’s independent committee revealed that it reviewed several alternatives including breaking up the company, a leveraged recapitalization, a change to the dividend or continuing on the current course. Ultimately, the board decided to go forward with the buyout, which it said was done in a unanimous vote.
