Dell's Sale Could Benefit Shareholders: Special Committee

By Edward B. Doong

Mar 06, 2013 12:10 PM EST

Dell Inc.'s special board of directors committee said in a statement that shareholders could benefit from the pending sale of the giant PC maker despite the opposition of Southeastern Asset Management, the company's outside shareholder.

Shareholders at Dell can get the best possible value in reaching agreement to the $13.65 per share offer of founder Michael Dell to take the company private, according to the committee, which had been doing the analysis of the company's situation for over 5 months.

In February, Michael Dell announced that he wanted to take Dell private by offering a deal through a partnership with Microsoft Corp. and Silver Lake. The deal is intended to facilitate the struggle of the company from a commodity of computer makers into enterprise services provider as a private firm.

Southeastern Asset Management has long opposed the deal, demanding to open Dell's books in order.

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