Michael Dell coughs up $750 mln cash to buy out Dell Inc

The Dell founder and CEO this week struck a deal to take private the company he created out of a college dorm room in 1984, partnering with private equity house Silver Lake and Microsoft Corp.

Michael Dell will contribute $500 million of his own cash, and MSDC Management - an affiliate of his investment vehicle, MSD Capital - will contribute another $250 million, according to a company filing on Wednesday.

Dell Inc also said it is targeting the repatriation of $7.4 billion of cash now parked abroad to help finance the deal. That may dismay some shareholders, as a hefty tax is usually levied on cash brought back from overseas.

The deal, which ends Dell's rocky 24-year run on the Nasdaq just as the once-dominant PC maker struggles to revive growth, is contingent on approval by a majority of shareholders -- excluding Michael Dell himself.

Several shareholders, including prominent investor Frederick "Shad" Rowe of Greenbrier Partners, have spoken out against the deal, protesting a lack of specifics as well as a potential conflict of interest with Michael Dell being the company's single largest shareholder with a roughly 16 percent stake.

"Some shareholders are glad. But there are others who feel it's a raw deal," said Shaw Wu, an analyst with Sterne Agee, who has spoken with several Dell shareholders since the announcement but

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