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Dell shareholders to vote in July on proposal to go private
ROUND ROCK, Texas, May 31 () -- 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,[url=http://www.pachasvip.com]hollister outlet[/url], 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,[url=http://www.pachasvip.com]abercrombie outlet[/url], 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.