Dell urges shareholders to approve CEO's buyout offer

(Reuters) - Dell Inc called on shareholders on Friday to approve a $24.4 billion buyout offer by founder and CEO Michael Dell and private equity firm Silver Lake, saying the bid was superior to other strategic options. Activist investor Carl Icahn and Southeastern Asset Management launched a counter offer for Dell earlier this month that would allow shareholders to keep their shares. Dell shareholders are scheduled to vote on the Michael Dell/Silver Lake offer at a special meeting on July 18. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/dell-hold-shareholder-meeting-proposed-buyout-july-18-105446393.html