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Dell Latest News: I.S.S. Backs Dell Buyout Offer Offer

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July 08, 2013 AT 11:41 AM
Institutional Shareholder Services, the biggest proxy advisory firm, recommended that Dell investors accept Michael Dell's $24.4 billion leveraged buyout offer. Advisers to both the buyers and to a special committee of Dell?s board had assumed that the I.S.S. report would most likely be unfavorable to the deal. Mr. Dell, who owns a 16 percent stake, faces an alternative proposal by the billionaire Carl C. Icahn and the asset management firm Southeastern Asset Management