Daily News: April 12, 2013

CFO: Dell’s Largest Shareholder Balks at Deal


CFO reported that Southeastern Asset Management, Dell’s largest outside shareholder, contends that the proposed $24.4 billion transaction would be a bad deal.

The article said that Southeastern Asset Management, which owns 8.4% percent of Dell, on issued an open letter to a special committee of Dell’s board looking into Michael Dell’s bid for the company. The letter claims the committee undervalued the company in its assessment of the deal.

To read the full CFO article click here.