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Monday, February 11, 2013

Dell says considered options before deciding to go private, (NASDAQ: DELL)

Dell Inc had considered many strategic options before opting to go private, the company said in a regulatory filing. The struggling PC maker struck a deal last week with its chief executive officer, Michael Dell, private equity firm Silver Lake and Microsoft Corp to go private in a $24.4 billion deal.Dell's largest independent shareholder, Southeastern Asset Management Inc, and three other investors have objected to the deal, saying the company is worth a lot more than the agreed upon $13.65 per share offer, Reuters reported on Friday.The company said on Monday it had retained a management consultant to help assess its "strategic position" and concluded that the proposed all-cash deal was in the best interests of stockholders. ( said the statement was in response to "certain inquiries" but did not elaborate on the nature of the queries.

Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL remained unchanged at $13.63. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 38040200 shares of DELL exchange hands on a given day and today's volume is recorded at 9800.