Dell Says $25B Buyout Didn't Undervalue Company

Law360, New York (December 2, 2013, 5:54 PM EST) -- In the wake of Dell Inc.'s controversial decision to go private, the computer maker is fighting back against shareholders' accusations that the transaction undervalued the company in an attempt to skimp on investor payouts.

The demand for a stock appraisal by a Delaware Chancery Court, filed Oct. 29 by Cavan Partners LP, stems from Dell's $24.9 billion buyout by founder Michael Dell and private equity firm Silver Lake Partners, which offered investors $13.75 per share with a dividend worth 13 cents per share.

Dell, in its...
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