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Though Dell's (DELL +0.7%) board insists Michael Dell/Silver Lake's LBO offer is the best...

Though Dell's (DELL +0.7%) board insists Michael Dell/Silver Lake's LBO offer is the best available option for investors, shares rose to $13.70 today, putting them above the $13.65 LBO price. Today, CNBC reported (video) disgruntled investor Pzena Investment (previous) is arguing Dell is worth $25/share, even more than the $24/share asserted by Southeastern Asset Management.
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Comments (2)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Dreamers.

     

    DELL was trading 10-11 before this, so s/h are getting at least 20-30% premium to where the stock would be without the LBO. Where would the stock be today without this, 8? 9?

     

    Take $13.65 and LIKE it.
    11 Feb 2013, 05:32 PM Reply Like
  • Leo50
    , contributor
    Comments (124) | Send Message
     
    Buyout folks love to start low, real low. Put some pressure on 'em. They might not agree to $25. Sellers would prefer higher than this miserly $13.65.
    11 Feb 2013, 06:35 PM Reply Like
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