Sunday, July 13, 2014





Major Dell shareholder favors recent buyout offers


April 09. 2013 2:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.


The request made in in a Tuesday letter from Southeastern Asset Management isn't a surprise. The Memphis, Tenn., investment firm stated its opposition to Dell Inc.'s plan to sell itself to Michael Dell and Silver Lake Partners shortly after the terms were announced two months ago.


This is the first time that Southeastern has communicated with Dell's board since buyout specialist Blackstone Group and billionaire investor Carl Icahn submitted alternative proposals in late March.


Southeastern says both of those bids are better than the current deal. The firm owns an 8.4 percent stake in Dell.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds