Dell Investor Slams $24B Management Buyout's Timing

Law360, New York (February 20, 2013, 4:32 PM ET) -- A shareholder challenging Dell Inc.'s $24 billion buyout took aim Tuesday at the allegedly predatory timing of the deal, its restrictions on a potential topping bidder and use of the company's $14 billion foreign cash pile.

The suit, filed in Delaware by Grant & Eisenhofer PA on behalf of a Michigan pension fund, said Dell's board should have acted cautiously, given the perils of management buyouts, especially one by an insider so closely associated with the company.

“The mere fact that the transaction was proposed by...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required