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Southeastern Asset Management (now an 8.5% owner) intends to use "all options at our disposal"...

  • Friday, February 8, 3:16 PM ET
    Southeastern Asset Management (now an 8.5% owner) intends to use "all options at our disposal" to oppose the Dell (DELL) buyout (13D). The $13.65/share offer price, Southeastern says, puts a value of less than $1/share on the PC, server, and software and peripherals businesses combined. Total corporate value is closer to $24/share.
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This news story has 7 comments:

  • Southeastern -> Southwestern (2nd sentence)?
    8 Feb, 03:36 PM Reply Like
  • Should be an interesting fight but Southeastern will likely lose if other instituitions don't join it.
    8 Feb, 03:36 PM Reply Like
  • SAM looking for DELL to pony up more cash. How much leverage does Dell have to continue the wager?
    8 Feb, 03:37 PM Reply Like
  • This will still go through assuming that Dell can convince others to not join. Dell also still holds a sizable stake I think.
    8 Feb, 06:53 PM Reply Like
  • Yes, Southeastern needs more than the several other holders who have announced their opposition to the buyout thus far. However, this deal remains subject to a vote of the unaffiliated stockholders. As an affiliated stockholder, the fact that Dell still holds a sizable stake does not help the vote.
    8 Feb, 10:42 PM Reply Like
  • I'm with Southeastern, I'm ready to join in a suit.
    10 Feb, 10:20 AM Reply Like
  • Who bears the cost of the proxy fight / legal action? Longleaf investors?
    16 Feb, 04:49 AM Reply Like
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