Popular Posts
- USA / PANAMA / MIDEAST : Oil Tanker Hits Destroyer In Straits Of Hormuz...Leaving Huge Gash.
- PUERTO RICO: The Enigma of Tourism.
- VENEZUELA: Chavez Shuffles Cabinet With 9 New Apointments.
- BRASIL:1ST UPDATE: Ramalho Refuses Job Offer; Menezes Named National Coach.
- URUGUAY: Prez. Mujica Popularity At Record High After 100 Days.
- SLOVAKIA: Champion Italy Shocked As Slovaks Move Into Next Round.
- MEXICO: 20,000 Masked Indigena March For Peace In San Cristobal de Las Casas.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- PANAMA:2ND UPDATE: Panama Serial Murder Suspects Arrested In Nicaragua.
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