Dell Sets Vote On $24B Buyout, Begins Persuasion Campaign

Law360, New York (May 31, 2013, 2:07 PM EDT) -- The opening volley in the final battle for Dell Inc. was fired Friday, when the company's special committee set a July 18 meeting date and urged shareholders to support a $24.4 billion buyout by the company's founder and private equity partner.

Dell filed its proxy statement with the U.S. Securities and Exchange Commission, pushing the $13.65 per share offer from Michael Dell and Silver Lake Partners as the best option for the company as it struggles with slipping PC sales.

The board stressed that the buyout...
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