Founder 'Nowhere Close' To Controlling Dell, Strine Says

Law360, New York (June 26, 2013, 7:30 PM EDT) -- Dell Inc. founder Michael Dell is “not anywhere close” to controlling the computer maker he is now trying to take private, a Delaware judge has said, hinting at a lower standard of review in litigation over the $24.4 billion buyout.

The founder owns about 16 percent of Dell, which he and private equity firm Silver Lake Partners are seeking to acquire for $13.65 per share. The deal, set for a shareholder vote next month, has spawned 19 class actions in Delaware Chancery Court that have been...
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