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Proxy Advisory Firms Reiterate Dell's $13.88/shr Proposed Deal

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9/3/2013 9:40 AM ET

Dell Inc.'s (DELL: Quote) Special Committee Tuesday announced that Institutional Shareholder Services, Glass Lewis and Egan Jones have recently issued reports reiterating their previous recommendations that Dell shareholders support the proposed deal, under which shareholders will receive consideration of at least $13.88 per share in cash. The Special Committee of independent directors strongly encourages all shareholders to vote their shares 'For' the increased merger transaction promptly to be sure their shares are represented at the Special Meeting to be reconvened on September 12, Dell said.

Separately, Dell announced improvements to its channel partner programs, including software-specific enhancements to its PartnerDirect program through four new software competencies, as well as new service provider and referral programs. The new software competencies announced today are Security, Systems Management, Data Protection and Information Management.

Through the service provider program, the service providers get flexible pricing and billing to suit their unique business models which enables them to use Dell solutions for managing Windows messaging, collaboration and identity management, as well as virtual environments, databases and applications, without incurring capital expense or extending that cost to their customers. The referal fee program rewards partners who act as trusted advisors and support the sales process by referring Dell Software solutions.

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by RTT Staff Writer

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