Dell rejects request for info leading to buyout

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Associated Press

Posted on March 12, 2013 at 5:06 PM

Updated Tuesday, Mar 12 at 6:01 PM

ROUND ROCK, Texas (AP) — Dell has rejected a request from a shareholder rights group seeking to review the internal information that led to the proposed $24.4 billion sale of the struggling personal computer maker.

In a letter Tuesday, a Dell lawyer told the Shareholder Forum that the group hadn't met the legal standard for gaining access to the confidential assessments that swayed the decision-making process of Dell's board.

The Shareholder Forum, acting on behalf of an unidentified Dell shareholder, is trying to determine if the company is worth more than the $13.65 per share being offered by its CEO Michael Dell and a group of investors led by Silver Lake.

Dell Inc. granted another request to provide a list of its shareholders and other records to its largest independent stockholder, Southeastern Asset Management.

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