A security official sits inside the headquarters of SK Hynix Inc. in Seoul, South Korea, Wednesday, Jan. 30, 2013. South Korean chipmaker SK Hynix Inc. reported a second straight quarterly profit as its debt load eased and sales benefited from increased demand for chips used in smartphones and servers. (AP Photo/Lee Jin-man)
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A security official sits inside the headquarters of SK Hynix Inc. in Seoul, South Korea, Wednesday, Jan. 30, 2013. South Korean chipmaker SK Hynix Inc. reported a second straight quarterly profit as its debt load eased and sales benefited from increased demand for chips used in smartphones and servers. (AP Photo/Lee Jin-man)
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SK Hynix Inc.'s DRAM modules are shown at its the headquarters in Seoul, South Korea, Wednesday, Jan. 30, 2013. South Korean chipmaker SK Hynix Inc. reported a second straight quarterly profit as its debt load eased and sales benefited from increased demand for chips used in smartphones and servers. (AP Photo/Lee Jin-man)
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SK Hynix Inc.'s DRAM module is shown at its the headquarters in Seoul, South Korea, Wednesday, Jan. 30, 2013. South Korean chipmaker SK Hynix Inc. reported a second straight quarterly profit as its debt load eased and sales benefited from increased demand for chips used in smartphones and servers. (AP Photo/Lee Jin-man)
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FILE - In this Tuesday Oct. 23, 2012, file photo, a Chinese man tries out the new Surface tablet computer made by Microsoft at a show in Shanghai ahead of the launch of the operating system on Oct. 26. With the release of Windows 8, PC makers are doing their best to blur the boundaries between the PC and tablet with an array of devices that mash keyboards and touch screens together in different ways. (AP Photo) CHINA OUT
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In this photo provided by HP, Far East Movement performs to celebrate the launch of HP's new line of Windows 8 touch-technology products Wednesday, Oct. 24, 2012 in New York. On Thursday in New York, Microsoft will unveil a dramatic overhaul of its ubiquitous Windows operating system. (AP Photo/HP)
Shareholder suit challenges Dell buyout plan
DOVER, Del. (AP) — A lawsuit challenging plans to take troubled personal computer maker
Dell Inc. private is being filed in Delaware.
The lawsuit filed Wednesday claims that company founder Michael Dell and a group led by investment firm Silver Lake are trying to buy the Round Rock, Texas-based computer maker on the cheap for $24.4 billion, or $13.65 per share.
The lawsuit was filed one day after the management-led leveraged buyout was announced.
It accuses Michael Dell and company directors of breaching their fiduciary duties by failing to maximize shareholder value and selling the company at an inadequate price at the expense of minority shareholders.
Anticipating resistance to the deal from stockholders, Dell's board has said other potential buyers will have 45 days for to submit higher bids.
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