EXCLUSIVE - Southeastern joined by other Dell investors: source
NEW YORK (Reuters) - At least three of Dell Inc's DELL.O top 20 shareholders support Southeastern Asset Management's decision to vote against the $24.4 billion buyout of the No. 3 PC maker led by CEO Michael Dell, a person close to the matter said.
Among the holders who support Southeastern are Harris Associates LP, Yacktman Asset Management LP and Pzena Investment Management LLC, which between them hold roughly 3.3 percent in Dell, the person said.
Harris and Yacktman were not immediately available for comment. Pzena's chairman, Richard Pzena, said a Dell deal should be in the $20 per share range or the company should explore other options.
(Reporting by Nadia Damouni; editing by Matthew Lewis)
- Tweet this
- Share this
- Digg this
- Twelve-hour Gaza humanitarian truce takes hold
- Amazon's far-reaching ambitions, lack of profits, unnerve investors |
- India threatens to derail WTO deal, prompts angry U.S. rebuke
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- Honda's Mobilio car looks to repeat Indonesia success in India
Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested. Full Article