Shareholderers resisting Dell privatization

Reuters have reported that several major shareholders and investment firms of Dell are having issues with Dell’s buyback terms and conditions. Southeastern Asset Management is saying hat the offered $13.65 a share is too low and they think that the number needs to be around the $20 mark.

shareholderers_resisting_dell_privatization

The pending deal has to pass many hurdles before the privatization can become official. Shareholders need to approve the deal by vote which will be decided by the majority result, and regulatory agencies must sign off on it as well.

Alpine Capital Research president Nick Tompras is planning to voting against the deal. He manages about two million shares of Dell stock. He said “Let the fools sell low — don’t make us all fools.” Schneider Capital Management President Arnie Schneider holds 350,000 shares and will also vote against the deal.

Source: http://www.electronista.com/articles/13/02/07/more.than.20.percent.of.the.company.owned.by.new.shareholders/

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