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Twitter plans $1B stock market launch under TWTR symbol
ROUND ROCK, Texas, May 31 (UPI) -- The board at U.S. computer giant Dell said the best offer on the table was a bid by founder Michael Dell to take the company private.
Shareholders will vote on the proposal in July, CBS reported Friday.
Michael Dell, along with equity firm Silver Lake Partners, offered $24.4 billion for the company, saying it would be easier to orchestrate a turnaround if it were taken private.
The computer company has been a major success story, but has had trouble keeping up with technology advances, which now favor mobile devices.
After Dell submitted his proposal, billionaire investor Carl Icahn submitted a counteroffer, complaining that Dell had undervalued the company.
Icahn, along with Southeastern Asset Management, proposed an offer that would keep the company public and pay out $12 per share to shareholders.
The board, however, said that proposal, known as a leveraged recapitalization, would shift risks back to shareholders.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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