Glass Lewis & Co supports Dell's buyout offer
Glass Lewis & Co joined ISS (Institutional Shareholder Services Inc) in a recommendation that Dell Inc shareholders support CEO Michael Dell's decision for a US$24.4 billion buyout.
Dell and Silver Lake Management LLC plan to take over the ailing PC maker in a move that would save shareholders from risks which are tied to the deteriorating personal-computer business. In a vote that will be help on July 18th, the prominent proxy investor is encouraging Dell's shareholders to vote in favor of Michael Dell and Silver Lake LLC's acquisition plan.
Glass Lewis & Co, headquartered in San Francisco, California, stands as one of the two most prominent proxy advisory services in the world, with the other firm being MSCI/Institutional Shareholder Services (ISS). Founded in 2003, Glass Lewis provides proxy analysis, governance research and vote management services to institutional investors globally. Assets handled by Glass Lewis include Wellington Management Company, Putnam Funds and the Australian Council for Superannuation Investors.
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