Dell Inc.’s go-shop period in the run-up to its 2013 shareholder buyout prompted the Round Rock tech giant to pay another prospective buyer as much as $25 million in due-diligence expenses. What’s more, it caused a prospective Dell customer to have concerns the buyer would replace CEO Michael Dell, according to recently released court documents.
The Delaware court filing made in connection with a continuing shareholder appraisal lawsuit offers a rare glimpse at the inner workings of the $24.9 billion Dell buyout by Silver Lake Partners LP and Michael Dell, that took almost a year to complete.