Dell (DELL) Ramps as Investors Puzzle About Southeastern's Next Move
Shares of Dell (Nasdaq: Dell) ramped into the close of trading on Friday. The company's founder Michael Dell recently teamed with Silverlake Partners in an effort to take the company private. The plan has faced resistance from large shareholder Southeastern Asset Management and activist investor Carl Icahn.
In the past, Southeastern Asset Management has expressed interesting in taking Dell private, according to reports. Alternatively, the company proposed a leverage recap in lieu of the takeover.
The spike late on Friday appears to be related to reports that Longleaf and Southeastern Asset management have requested access to Dell's books. This has investors speculating about the company's next move.
Southeastern owns an 8.4 percent stake in Dell.
In the past, Southeastern Asset Management has expressed interesting in taking Dell private, according to reports. Alternatively, the company proposed a leverage recap in lieu of the takeover.
The spike late on Friday appears to be related to reports that Longleaf and Southeastern Asset management have requested access to Dell's books. This has investors speculating about the company's next move.
Southeastern owns an 8.4 percent stake in Dell.