Dell board backs Michael Dell's buyout offer

The board of Dell has recommended that shareholders should accept an offer led by founder Michael Dell to take the company private.

It called on shareholders to approve his $24.4bn (£16bn) buyout offer at a vote on 18 July.
The board said it was the "best alternative available".

Investor Carl Icahn and Southeastern Asset Management - who own a combined 12% of Dell - oppose the buyout and have made an alternative offer.