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Stock Latest News: ISS Recommends Vote for Dell Founder's Offer

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Stock Latest News: ISS Recommends Vote for Dell Founder's Offer

Stock Latest News: ISS Recommends Vote for Dell Founder's Offer
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Stock Latest News: ISS Recommends Vote for Dell Founder's Offer

by Wochit 0:48 mins

A top proxy firm is recommending that Dell shareholders vote in favor of a deal that would allow the company's founder and an investment firm to buy it and take it private. The majority of Sprint Nextel Corp shares elected to receive cash when Japan's SoftBank Corp's takes control of the company. About 53 percent of Sprint's outstanding shares voted to take money in preliminary election over the merger. A whopping 97 percent of shareholders elected to receive cash in the SoftBank of Japan's takeover of Spring. Just 3 percent want to remain Sprint shareholders.

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