Quantcast

Dell’s $24.4B deal opposed by major stockholder

ROUND ROCK, Texas — 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

[index]
[index]
[i]
[i]
[id, count]
[id, count]
[f.tagName.toLowerCase()]
[f.tagName.toLowerCase()]
[id, validationType, arg1, arg2]
[id, validationType, arg1, arg2]
[field.tagName.toLowerCase()]
[field.tagName.toLowerCase()]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]
[i]