Dell LBO Was Southeastern's Idea — And Other Proxy Tidbits

Law360, New York (March 29, 2013, 7:27 PM ET) -- No wonder Southeastern Asset Management Inc. is promising a long, tough fight against the pending $24.4 billion deal to take Dell Inc. private: The whole thing was Southeastern's idea.

That's one of several details to come to light Friday, when Dell released the preliminary proxy statement detailing the background of its proposed buyout at the hands of its founder, Michael Dell, and Silver Lake Partners.

Southeastern first approached Michael Dell last June with the idea of jointly taking Dell private, according to the proxy. With Southeastern's...
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