Seeking Alpha

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

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.
Comments (7)
  • bearishly
    , contributor
    Comments (13) | Send Message
     
    Southeastern -> Southwestern (2nd sentence)?
    8 Feb 2013, 03:36 PM Reply Like
  • moneyTalksBSWalks
    , contributor
    Comments (193) | Send Message
     
    Should be an interesting fight but Southeastern will likely lose if other instituitions don't join it.
    8 Feb 2013, 03:36 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    SAM looking for DELL to pony up more cash. How much leverage does Dell have to continue the wager?
    8 Feb 2013, 03:37 PM Reply Like
  • moneyTalksBSWalks
    , contributor
    Comments (193) | Send Message
     
    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 2013, 06:53 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    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 2013, 10:42 PM Reply Like
  • GHAGE4551
    , contributor
    Comment (1) | Send Message
     
    I'm with Southeastern, I'm ready to join in a suit.
    10 Feb 2013, 10:20 AM Reply Like
  • dmunzyms
    , contributor
    Comment (1) | Send Message
     
    Who bears the cost of the proxy fight / legal action? Longleaf investors?
    16 Feb 2013, 04:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|