Dell reportedly plans shareholder meeting to appease angry investors

Dell Shareholder Meeting

Dell (DELL) is not about to let angry shareholders quash its plan to go private. Unnamed sources have told Bloomberg that Dell plans to hold a shareholder meeting to ease the concerns of investors who believe they’re being shortchanged by the company’s proposed $24.4 billion leveraged buyout deal. According to Bloomberg’s sources, “Dell and Silver Lake Management LLC are studying ways to address the concerns raised by large shareholders such as T. Rowe Price Group Inc., who said the $13.65-a-share offer undervalues the company.”

Although Silver Lake is opposed to raising the per-share price it’s offering for now, the private equity firm is trying to gauge just how much more Dell investors expect for their shares to see how much it may take to get a deal done.

Dell reportedly wants to go private so it can have space to reinvent itself by developing a computer the size of a USB stick that’s capable of giving users access to every major operating system, from Windows to Mac OS X to Google’s (GOOG) Chrome OS.

Source:
Bloomberg
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