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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, 2013. 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, 2013. 03:58 PM | Likes Like |Link to Comment