Michael Dell Latest News: Glass Lewis Backs Michael Dell's $24.4bn Offer

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Michael Dell Latest News: Glass Lewis Backs Michael Dell's $24.4bn Offer

Michael Dell Latest News: Glass Lewis Backs Michael Dell's $24.4bn Offer
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Michael Dell Latest News: Glass Lewis Backs Michael Dell's $24.4bn Offer

Wochit 1:02 mins

It looks like Michael Dell is inching closer to the finish line because proxy firm Glass Lewis backs and recommends Dell's $24.4bn offer. Institutional Shareholder Services, the biggest proxy advisory firm, recommended that Dell investors accept Michael Dell's $24.4 billion leveraged buyout offer. Advisers to both the buyers and to a special committee of Dell?s board had assumed that the I.S.S. report would most likely be unfavorable to the deal. Mr. Dell, who owns a 16 percent stake, faces an alternative proposal by the billionaire Carl C. Icahn and the asset management firm Southeastern Asset Management The organization, Institutional Shareholders Services, believes the transaction presented to Dell Incorporated by its founder Michael Dell and Silver Lake Partners is in the best interests of the company's shareholders.

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