Acquisition Latest News: Proxy Firm Glass Lewis Also Backs Michael Dell's Buyout Offer

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Acquisition Latest News: Proxy Firm Glass Lewis Also Backs Michael Dell's Buyout Offer

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Acquisition Latest News: Proxy Firm Glass Lewis Also Backs Michael Dell's Buyout Offer

by Wochit 1:03 mins

Acquisition Latest News: Proxy Firm Glass Lewis Also Backs Michael Dell's Buyout Offer

by Wochit 1:03 mins

Shareholder advisory firm Glass Lewis joined ISS in recommending that Dell stockholders vote in favor of CEO Michael Dell's $24.4 billion offer to take over the ailing PC maker. Investors in the company, several of which have pushed for better terms from the company's founder and private equity house Silver Lake, are scheduled to vote on the offer July 18. Sprint has jumped through the last hoop in its effort to buy the remaining stake in Clearwire, whose shareholders approved a deal in which Sprint, which owns about 50 percent of the company, would buy the remaining shares of Clearwire for $5 a share. The companies said the deal is expected to close on Tuesday. EMC Corp, a maker of data storage equipment, said that it has acquired identity verification services company Aveksa, boosting the offerings of its own security division.

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