Michael Dell Latest News: Proxy Firm ISS Backs Michael Dell's Offer for PC Maker

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Michael Dell Latest News: Proxy Firm ISS Backs Michael Dell's Offer for PC Maker

Michael Dell Latest News: Proxy Firm ISS Backs Michael Dell's Offer for PC Maker
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Michael Dell Latest News: Proxy Firm ISS Backs Michael Dell's Offer for PC Maker

Wochit 0:58 mins

Investment advisory firm ISS has recommended Dell Incorporated shareholders vote in favor a $24.4 billion offer for the PC maker from founder and Chief Executive Michael Dell, the company's special committee said. Shares of Dell Incorporated fell more than 3 percent, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. Michael Dell and Carl Icahn both face the very real prospect that neither could get what they want. Executives at Dell are beginning to make contingency plans for the possibility that the $24.4 billion buyout plan proposed by CEO Michael Dell and the private equity firm Silver Lake will fail a shareholder vote on July 18.

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