{"id":8094,"date":"2013-07-08T20:35:00","date_gmt":"2013-07-08T20:35:00","guid":{"rendered":"http:\/\/cloudcomputing.sys-con.com\/node\/2728326"},"modified":"2013-07-08T20:35:00","modified_gmt":"2013-07-08T20:35:00","slug":"michael-dells-buyout-scheme-gets-iss-backing","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/michael-dells-buyout-scheme-gets-iss-backing\/","title":{"rendered":"Michael Dell\u2019s Buyout Scheme Gets ISS Backing"},"content":{"rendered":"<p>Michael Dell\u2019s scheme to take the company he started in his dorm room 30 years ago private for $13.65 a share got backing Monday from Institutional Shareholder Services (ISS), the biggest of the shareholder advisory firms.<br \/>\nThe news, which represents a sudden about-face for ISS compared to its position last week according to Bloomberg, didn\u2019t come a moment too soon.<br \/>\nLast Friday word leaked out that Michael and private equity house Silver Lake Partners refused to up the original $24.4 billion bid although the board\u2019s special committee, responsible for weighing offers for the company, recommended a sweetener. As a result Dell shares dropped to $13.03 on fears the proposal might fall apart.<br \/>\nNow the committee has gotten behind the ISS recommendation. <\/p>\n<p><a href=\"http:\/\/cloudcomputing.sys-con.com\/node\/2728326\" >read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Dell&rsquo;s scheme to take the company he started in his dorm room 30 years ago private for $13.65 a share got backing Monday from Institutional Shareholder Services (ISS), the biggest of the shareholder advisory firms.<br \/>\nThe news, which represents a sudden about-face for ISS compared to its position last week according to Bloomberg, didn&rsquo;t come a moment too soon.<br \/>\nLast Friday word leaked out that Michael and private equity house Silver Lake Partners refused to up the original $24.4 billion bid although the board&rsquo;s special committee, responsible for weighing offers for the company, recommended a sweetener. As a result Dell shares dropped to $13.03 on fears the proposal might fall apart.<br \/>\nNow the committee has gotten behind the ISS recommendation. <\/p>\n<p><a href=\"http:\/\/cloudcomputing.sys-con.com\/node\/2728326\" target=\"_blank\">read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8094","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/8094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=8094"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/8094\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=8094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=8094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=8094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}