Dell's Cash Overseas Is Needed at Home

June 30, 2013 8:02 p.m. ET

Advisers working on Dell Inc.'s $24.4 billion buyout are trying to solve a problem: how to use the computer maker's foreign cash without paying a $2.6 billion U.S. tax bill.

That could be the cost levied to use the money held in foreign subsidiaries. As a shareholder vote looms July 18, Dell's cash balances are shrinking as the company's core business falters, heightening the need to have a workable answer in place. The computer...

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