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  • Three Dell (DELL +0.7%) investors owning a combined 3.3% of the company - Harris Associates, Yacktman Asset Management, and Pzena Investment Managment - have joined Southeastern Asset Management (8.5% stake) in opposing the Dell LBO, Reuters reports. Dell ticked higher to $13.63 today, putting it within a hair's breadth of its $13.65/share LBO price. For now at least, the LBO consortium isn't budging[View news story]
    Wait till the share price touches $14 before investing.
    Feb 10 10:18 AM | 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]
    Dell buy out share price of $13.65 is kicking out the shareholders who are with the company.Option holders above this strike price(Call)will go bankrupt.SEC should come out with a law to stop option trade of the company put up for sale,atleast 100 days in advance.This will prevent speculation.On the whole the price offered to share holders is peanuts.
    Feb 5 03:58 PM | Likes Like |Link to Comment