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

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.
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Comments (2)
  • DJS1843
    , contributor
    Comments (32) | Send Message
     
    I'm totally against the Michael Dell deal to take the company private for about the price ending today @ $14.60. I'm not sure if it's worth $25 a share, I was thinking around $20.00..............djs
    8 Jul 2013, 05:38 PM Reply Like
  • shohen
    , contributor
    Comments (6) | Send Message
     
    Perhaps someone can explain
    Michael Dell and the current management team, over the years, have managed this company into the dirt.
    Now they want to buy the company from its investors at a fire sale. Why would anyone trust this management team. and anything that they say. I would support replacing all of them.
    8 Jul 2013, 06:13 PM Reply Like
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