Exclusive: Dell shareholder Southeastern unhappy with buyout
(Reuters) – Dell Inc's largest independent shareholder, Southeastern Asset Management Inc, has told the computer-maker that a $24.4 billion buyout bid undervalues it, adding to a chorus of investor dissatisfaction with the landmark deal, two sources close to the situation said. Southeastern has privately told the company that it is “disturbed” by a $13.65 per share offer for the third-largest PC-maker by a consortium led by founder and CEO Michael Dell, and instead believes that Dell is worth $20 per share, the sources said on Thursday. …
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