Micheal Dell, CEO of Dell, has agreed to a lower price for his shares in the company so that the deal to takeover Dell Inc. will go through. The share price closed last week at slightly above the offer price of $13.65.
The board is looking at all the options available to take the company private. Ideas such as separating off the PC business is seen as a big and controversial option. There are also other ideas such as acquiring other businesses to strengthen some core business.
All these ideas are all to help win over shareholders that believe they are getting a raw deal out of the whole takeover. Many tech analysts understand that shareholders want more out of the deal however, they acknowledge that many tech companies do not trade at 4.5 times earnings which is what Dell is currently at.
Dell is a household name worldwide due to their PC business and in Australia, Dell PC’s are one of the most popular brands. Buying Dell online has the added bonus as they often have a Dell coupon available.