| Dell bid first proposed by Southeastern | Michael Dell was first approached about taking his personal computer maker private by Southeastern Asset Management, the shareholder that now opposes what would be the largest buyout since the global financial crisis.
Southeastern, which owns 8.4 per cent of the shares in Dell, proposed the idea on June 15, 2012, outlining the proposed transaction in a spreadsheet and saying it hoped to roll shares into any go-private deal. Mr Dell said he would think about the idea and continued talks with Southeastern for a few weeks.
A month later, however, Mr Dell was discussing a management-led buyout with Silver Lake Partners, the private equity firm he eventually partnered with on the $24.4bn deal that Southeastern now opposes.
http://link.ft.com/r/LVA6WW/4VXR6C/GKB29U/2OLYSI/K9O99J/E4/h?a1=2013&a2=3&a3=29
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