Investment advisory firm ISS has recommended Dell Inc shareholders vote for founder and Chief Executive Michael Dell's $24.4 billion offer for the PC maker, the company's special committee said. Michael Dell, whose offer is backed by equity financing from takeover firm Silver Lake, have ruled out raising their $13.65 per share bid, people familiar with the matter said last week.Billionaire Carl Icahn and Southeastern Asset Management have offered a rival bid that would see shareholders tender 1.1 billion shares at $14 apiece.Dell's shares were up 2.3 percent in premarket trading on Monday. They closed at $13.30 on Friday on the Nasdaq.
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 $13.03. 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 943440.
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