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News Summary: Dell tries to reassure holders

The Associated Press

CALMING NERVES: Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal and felt the bid is in the best interest of stockholders.

BACKGROUND: Dell's filing comes three days after a major shareholder ridiculed the buyout as a rotten deal that undervalues the business.

ALTERNATE OPTIONS: Dell Inc. said the deal also allows time for alternate bids so that shareholders will be able to see if there are superior options available.