CNET | Dell: Going private is the ‘best’ move for the company
Despite growing concern from major shareholders, Dell believes its decision to go private is the best one.
In a Securities and Exchange Commission (SEC) filing today, Dell reported that it “considered an array of strategic alternatives.” The company also hired a “prominent management consultant to help it assess the Company’s strategic position.” Those alternatives, along with the consultant’s assessment, led Dell down the path of going private.
“Based on that work, the Board concluded that the proposed all-cash transaction is in the best interests of stockholders,” Dell wrote in its filing. “The transaction offers an attractive and immediate premium for stockholders and shifts the risks facing the business to the buyer group. In addition, and importantly, the go-shop process provides stockholders an opportunity to determine if there are alternatives that are superior to the present offer.”