Dell Proceeds With Buyout Effort
Dell Inc. has filed proxy materials with the Securities and Exchange Commission regarding its proposed acquisition by founder Michael Dell and Silver Lake Partners, again contending that going private is the best course and announcing plans to hold a shareholder meeting July 18 to vote on the matter.
In a letter to shareholders, the computer maker said a special committee, formed after Mr. Dell said he would possibly propose buying the company, evaluated the full range of strategic and financial alternatives available and also “considered the merits and feasibility of a leveraged recapitalization.”
