Dell Said to Plan Shareholder Meetings to Assess LBO Demands

Dell Inc. is setting up meetings with shareholders to assess their demands for getting its $24.4 billion buyout done and also preparing a public response to critics of the deal, said people with knowledge of the situation.

Dell and Silver Lake Management LLC are studying ways to address the concerns raised by large shareholders such as T. Rowe Price Group Inc., which said the $13.65-a-share offer undervalues the company. While Silver Lake is opposed to raising the price, one of the people said, Dell wants to meet with shareholders to gauge whether they would expect a bump of more than $1 a share or as little as 15 cents, said another person, who asked not to be identified because the process is private.