Deals
Michael Dell Valued His Shares Below Market Price in LBO
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Dell Inc. founder Michael Dell valued his stock rolled into a $24.4 billion buyout of the computer maker at $13.36 apiece, less than the $13.65-a-share price offered to common shareholders.
After Michael Dell approached the board last August to propose going private, three financial firms were permitted to conduct due diligence by a special committee of the board, the Round Rock, Texas-based company said in a regulatory filing.