Shareholder advisory firm ISS recommended Dell Inc shareholders vote in favor a $24.4 billion takeover offer for the PC maker from founder and Chief Executive Michael Dell, increasing the odds that his bid will succeed.Dell shareholders are scheduled to vote on the offer July 18.Michael Dell, whose offer is backed by equity financing from buyout firm Silver Lake, does not plan to raise the $13.65 per share bid, people familiar with the matter said last week.Several large investors have been pushing for improved terms.
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 traded higher by 2.3% or $0.3/share to $13.33. In the past year, the shares have traded as low as $8.69 and as high as $14.64. On average, 20583300 shares of DELL exchange hands on a given day and today's volume is recorded at 19172700.
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