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The Boston Globe


Proxy firm backs Dell buyout plan

Surprise victory for computer maker’s founder

NEW YORK — Institutional Shareholder Services, the biggest proxy advisory firm, recommended on Monday that Dell Inc. investors accept Michael S. Dell’s $24.4 billion leveraged buyout offer.

The recommendation is something of a surprise and a potentially big victory for the man who founded Dell in his college dormitory room 29 years ago. ISS is still largely considered an influential voice in corporate elections, though investors have occasionally overridden its recommendations.

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