Dell rejects request for info leading to buyout

March 12, 2013

(AP)—Dell has rejected a request from a shareholder rights group seeking to review the internal information that led to the proposed $24.4 billion sale of the struggling personal computer maker.

In a letter Tuesday, a Dell lawyer told the Shareholder Forum that the group hadn't met the legal standard for gaining access to the confidential assessments that swayed the decision-making process of Dell's board.

The Shareholder Forum, acting on behalf of an unidentified Dell shareholder, is trying to determine if the company is worth more than the $13.65 per share being offered by its CEO Michael Dell and a group of investors led by Silver Lake.

. granted another request to provide a list of its shareholders and other records to its largest independent stockholder, Southeastern .

Explore further: Shareholder suit challenges Dell buyout plan


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