01-18-2018 11:02:22 AM -0800
01-09-2018 01:54:15 PM -0800
12-22-2017 09:40:32 AM -0800
06-07-2017 12:17:49 PM -0700
05-09-2017 03:25:43 PM -0700
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.

Returning the Money to the Shareholders

It's going to be quite a feat, taking a company as big as Dell private -- but Michael Dell just got one step closer to doing just that:

Michael Dell won a surprising and important victory on Monday when Institutional Shareholder Services, the influential proxy advisory firm, recommended that shareholders of Dell DELL +2.22% take his $24.4 billion buyout of the company.

ISS pointed to the certainty provided by the all-cash $13.65 per share offer and the 25.5% premium the deal put together by Michael Dell and his partner, private equity firm Silver Lake, represents.

This has to be the biggest deal of its kind, and I was doubtful at first enough partners could be found to pony up that kind of cash. I'm hoping Dell returns to its former glory, if only to see a deal this big work.