Dell (DELL) Buyout Fight Begins, Shareholder Claims Company Worth $24/Share
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Dell (DELL) May Not Go Private in 'Steal of the Century' as More Investors Feel Shorted
February 11, 2013 12:16 PM ESTDell (Nasdaq: DELL) is positive Monday amid a release from the PC giant touting the shareholder value in its $13.65 per shar 'go private' deal. However, not everyone is as convinced.
Southeastern Asset Management (SAM)... More
Dell (DELL) Says Take-Private Deal Offers 'Attractive and Immediate Premium'
February 11, 2013 7:34 AM ESTDell, Inc. (NASDAQ: DELL) issued a statement in response to an attack by large shareholder Southeastern Asset Management suggesting that the $13.65/share take-private deal by Michael Dell and Silver Lake Partners... More
Dell (DELL) Rises as Southeastern Asset Management Wants 'More'
February 8, 2013 3:51 PM ESTDell, Inc. (NASDAQ: DELL) is rising into the close following an earlier statement by Southeastern Asset Management, the largest outside shareholder, that the 'take-private' deal seriously undervalues the company. The investment firm sees the value for Dell approaching $24.00 per share.
While... More
Southeastern Asset Management Rips Dell (DELL) Deal, Wants Another Form of recapitalization
February 8, 2013 3:41 PM ESTSoutheastern Asset Management, Inc. the largest outside shareholder of Dell Inc. (NASDAQ: DELL), today announced that it has sent a letter to the Board of Directors of Dell noting that it believes Dell's proposed go-private transaction grossly undervalues the Company, and will not vote in favor of the transaction as currently structured. Southeastern intends to retain and avail itself of all options at its disposal to oppose the announced transaction, including, but not limited to a proxy fight, litigation claims and any available Delaware statutory appraisal rights. Southeastern beneficially owns on behalf of its investment... More
UPDATE: SAM Makes Case for Dell (DELL) at $24/Share; Will Use 'All Options' to Stop Deal
February 8, 2013 3:05 PM EST(Updated - February 8, 2013 3:07 PM EST)
Southern Asset Management filed a 13D with the U.S. SEC today. The filing discloses a letter to Dell's (Masdaq: DELL) Board on why the company should go private for $20 per share.
The filing can be found here.
February 8, 2013
Board of Directors
Dell Inc.
One Dell Way
Round Rock, TX 78682
Attention:
Lawrence P. Tu
Senior Vice President, General Counsel and Secretary
Dear Board of... More
Dell (DELL) to Go Private for $13.65/Share in Cash
February 5, 2013 9:21 AM ESTDell Inc. (Nasdaq: DELL) announced it has signed a definitive merger agreement under which Michael Dell, Dells Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire Dell.
Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion. The price represents a premium of 25 percent over Dells closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first... More
