Last updated: March 16. 2013 9:24PM - 120 Views

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(AP) Dell's largest stockholder, aside from the struggling personal computer maker's CEO and founder, is trying to thwart the company's plans to sell itself for $24.4 billion.


The opposition mounted Friday by Southeastern Asset Management Inc. could complicate Dell Inc.'s efforts to end its 25-year history as a public company. Southeastern Asset owns an 8.5 percent stake in Dell.


Under a plan announced earlier this week, Dell will pay existing stockholders $13.65 per share. The deal would leave the Round Rock, Texas, company under the control of founder and CEO Michael Dell and investment firm Silver Lake.


In a letter to Dell's board, Southeastern CEO O. Mason Hawkins dismissed Dell's proposed sale price as woefully inadequate, contending that the company is worth at least $24 per share.


Dell declined to comment.


Associated Press
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