Pzena Investment (0.7% stake) joins Carl Icahn and Southeastern Asset in opposing Michael...

|By:, SA News Editor

Pzena Investment (0.7% stake) joins Carl Icahn and Southeastern Asset in opposing Michael Dell/Silver Lake's LBO offer for Dell (DELL +3.1%), in spite of ISS' support for the deal. The firm is a long-time critic of the LBO attempt, and argued back in Feb. Dell is worth $25/share. Today's rally resulted in shares closing less than 2% below the offer price, as investors bet ISS' sway over index funds and other institutional buyers will help the deal pass.