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  • 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.  [View news story]
    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.
    Jul 8, 2013. 06:13 PM | Likes Like |Link to Comment
  • More on Dell's LBO: Microsoft (MSFT) will provide a $2B loan rather than an equity investment, as had been reported. Michael Dell will remain chairman/CEO. The deal is expected to close before the end of the July quarter. Dell will have a 45-day "go-shop" period to solicit alternate bids; a $180M termination fee applies. Look for disgruntled shareholders to challenge the deal, particularly given Michael Dell's conflict of interest. But finding a higher bid could be easier said than done. DELL halted. (PR[View news story]
    Gee Michael, I was hoping for maybe dinner and a movie too!
    Feb 5, 2013. 09:54 AM | 2 Likes Like |Link to Comment
  • Greece gets a bit of cheer after Siemens (SI) agrees to a €330M deal to settle bribery allegations connected to the Athens Olympics in 2004. However, the settlement is far less than the €2B that Greek parliamentarians demanded last year. Still, the deal includes the construction of a factory that will lead to over 700 jobs.  [View news story]
    I am so happy for the Greeks. Do the Siemens stockholders get kissed?
    Aug 28, 2012. 02:07 PM | Likes Like |Link to Comment
  • GE Capital will pay to parent GE a $475M dividend in Q2, and a $4.5B special dividend in 2012 - the first such payments since they were suspended in 2009. Shares +2.7% premarket. (PR)   [View news story]
    How does a GE common stock shareholder translate this news into an estimate of an increase in common stock dividend, or an estimate of an increase in the price of a common stock share.
    May 16, 2012. 11:45 AM | Likes Like |Link to Comment
  • GE: A Solid Buy For Long-Term Gains  [View article]
    Does anyone who follows GE know if GE still owns 7,372,744 shares of the battery maker A123 Systems, (ticker AONE) and if it does, what price did GE pay for this stock?
    Apr 9, 2012. 01:34 PM | Likes Like |Link to Comment
  • GE's $1B investment in its domestic appliances ops, which includes bringing jobs back from abroad, is "as risky an investment as we have ever made," says CEO Jeff Immelt. However, unit CEO Chip Blankenship says that while overseas production brought a one-off cost benefit, "we found over time that wasn’t that sustainable a business model."   [View news story]
    I am reminded of GE and its connection with RCA. GE spent a lot of money to upgrade the RCA TV plant only to sell the business off. Mt Welch tried for years to get out of the appliance business. Is this investment in Appliance Park by Mr. Immelt using the same strategy.
    Apr 2, 2012. 03:20 PM | Likes Like |Link to Comment