Article Excerpts:
"That’s when the shareholders of Dell Inc. are scheduled to vote on a $24.4-billion (U.S.) deal that would take the computer giant private after 25 years as a publicly-traded company. Some such shareholders have mutinied against the deal, which is offering $13.65 per share. The stock is closed at $13.14 in trading on Friday, but has dropped as low as $8.86 in the past year. Some shareholders suspect that Mr. Dell is attempting to buy the company he founded on the cheap. If he were to succeed in overhauling the business, he would stand to reap huge rewards. Mr. Dell argues that the company needs the kind of drastic makeover that is best accomplished away from the glare of public markets. That transition entails major risks, which he has suggested shareholders might not be willing to stomach." |
Stock Exchange: organized market where listed stocks can be bought and sold (e.g. Montreal stock exchange)
Partnership: business organization in which two or more individuals enter business as owners and share profits and losses; like sole proprietorships are common in agriculture, medical, dental, construction, restaurant businesses Corporation: business organization that has legal existence of its own, separate from those who created it or owned it; many big businesses in Canada (e.g. CPR) are corporations Stock: capital raised by business or corporation through issue and subscription of share (http://economics.about.com/od/smallbigbusiness/a/corp_capital.htm) |