Morgan & Morgan P.C. Announces Investigation of Dell, Inc. Buyout (NASDAQ: DELL)
NEW YORK, Feb. 6, 2013 /PRNewswire/ -- Morgan & Morgan is investigating the Board of Directors of Dell, Inc. ("Dell" or "the Company") (NASDAQ: DELL) for possible breaches of fiduciary duty and other violations in connection with its going private transaction involving Michael Dell, Dell's Founder, Chairman and CEO and Silver Lake, a private equity firm, among others.
If you are an investor in Dell, and you want to learn more about our Dell shareholder investigation, contact George Pressly, Esq. at Morgan & Morgan at 1 (800) 631-6234 or via email firstname.lastname@example.org.
Under the terms of the proposed transaction, shareholders will receive $13.65 for each share of Dell stock they own. The transaction is valued at approximately $24.4 billion. The investigation concerns whether Dell's board of directors failed to adequately shop the Company and obtain the best possible value for Dell's shareholders before entering into an agreement. According to Yahoo! Finance, at least one analyst has set a price target for Dell stock at $16.00.
The investigation also focuses on whether Michael Dell has a conflict of interest in connection with the proposed transaction.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities law, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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