Dell’s $24.4B deal opposed by major stockholder
Posted: 4:06 pm Fri, February 8, 2013
By
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.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

![[Print]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[Facebook]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
![[linkedin]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/linkedin.png)
![[Twitter]](http://thedailyrecord.com/wp-content/plugins/tdc-sociable-toolbar/twitter.png)