The Dell Inc. committee that is managing the company’s buyout process formally rejected an alternative proposal for the company by activist investor Carl Icahn, according to a company regulatory filing made Wednesday.
The special committee to the Dell board of directors said in a presentation to investors that the $24.4 billion buyout plan proposed by company CEO Michael Dell and Silver Lake Partners “is the best option for shareholders, including the superior value and the certainty is provides relative to all alternatives evaluated.” The Michael Dell/ Silver Lake proposal amounts to $13.65 a share in cash.
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