ISS recommends vote for Dell founder’s offer

NEW YORK — A top proxy advisory firm is recommending that Dell shareholders vote in favor of a deal that would allow the company’s founder and an investment firm to buy the computer maker and take it private.

Michael Dell and Silver Lake Partners have offered to buy Round Rock, Texas-based Dell Inc. for $13.65 per share, or a total of $24.4 billion.

Institutional Shareholder Services pointed to the offer’s hefty premium, about 26 percent over the company’s share price before the offer became public, and the certainty that comes with an all-cash bid.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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