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08 February 2013
AUSTIN / TECHNOLOGY: Big Dell LBO Roadblock Appears: Southeastern Fund Says Price Too Low.
Angry Dell stockholders are starting to gather to oppose a proposed $24.4 billion LBO.
At least one has filed suit over conflict of interest.
Now...Southeastern Asset which holds 8.5% of Dell stock...says the $13.65 price...is just too low.
The largest Dell stockholder...after CEO Michael Dell...values the company at $24.
At that price...Dell would be worth $42 billion...not $24.4 bn.
The Memphis fund offered other alternatives to satisfy stockholders...including breaking-up the company...and selling off the pieces.
http://www.reuters.com/article/2013/02/08/us-dell-southeastern-filing-idUSBRE9170YL20130208