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.
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