Boston, MA 07/25/2013 (wallstreetpr) – Dell Inc. (NASDAQ:DELL) closed in the previous trading session at $12.91 after heading towards northwards direction by 0.27% ($0.03). With around 1.75 billion outstanding shares, the market capitalization of the company is $22.57 billion.
The Special Committee of the Board of the company, Dell Inc., has made an announcement yesterday that it has got a revised proposal from Silver Lake which is a global technology investment firm and Michael Dell. Under this proposal, they have proposed that they would increase the price at which they want to acquire the company to $13.75 per share in cash, which will be subjected to various terms and conditions.
As the Special Committee is engaged in revising the proposal with the assistance of its legal and financial advisors, the Special Meeting of Stockholders that was scheduled previously to be reconvened yesterday at the Dell Round Rock Campus, Round Rock, 501 Dell Way, Texas 78682 at 5:00 p.m. Central Daylight Time is now postponed to 2 August, 2013 at the same location at 9:00 a.m. Central Daylight Time.
The best known company of the world, Dell Inc. has made a commitment on Tuesday that it will increase in its purchases and production of eco friendly and sustainable products significantly. The products include everything from computer components to office supplies. Along with Dell, there are many other founding members of the Sustainable Purchasing Leadership Council. They include Office Depot, Waste Management and FedEx.
The shareholders of Dell met yesterday in Texas to vote on $24.4 billion buyout offer of the Chief Executive Officer, Michael Dell for the company. In the hope to convince dubious investors to accept the deal, the meeting that was held previously was pushed back a week. That meeting was held in the headquarters of Dell on the outskirts of Austin and was adjourned within few minutes.
