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...
Dell Investor Slams $24B Management Buyout's Timing
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