According to the proxy, members of the board raised concerns about future revenue projections and asked CFO Brian Gladden (pictured) to "consider more conservative sensitivities" for the board in early March. Meanwhile, Dell entered its "go-shop" period in which the company could entertain alternative offers for the business.
Evercore, a financial advisor hired by the special committee, contacted 67 parties during the go-shop period to solicit interest. Evercore also received unsolicited inquiries from four other groups. Of the 71 total parties, 11 expressed interest in a transaction, according to the proxy.