Dell private buy-out prompts class action

Posted on: April 4th, 2013 by Steve Larson
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Stocks and sharesA Dell Inc. shareholder launched a class action on January 30, 2013, aiming to block the $24.4 billion leveraged buyout of the computer maker hatched by its founder and a private equity firm, alleging the “opportunistic” deal shortchanges investors.

In a complaint filed in Delaware Chancery Court, Catherine Christner said the $13.65 per-share offer from Michael Dell and Silver Lake Partners LP to take the company private — one of the largest leveraged buyouts since the financial crisis — robs investors of the chance to benefit from recent moves.