Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 10 April 2013 10:15

Pressure on Dell stepped up

Written by Nick Farrell



Silver Lake deal flawed

An activist investor has dubbed the $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake as being flawed.

Southeastern Asset Management owns 8.4 percent of Dell and has published a letter it sent to Dell's board of directors. The letter claims that the company's March 29 proxy statement fails to make a compelling case for shareholders to accept the $13.65 per share offer from Michael Dell and Silver Lake. The letter says Dell's special committee did not properly explore all options.

Quoting Dell's proxy statement, Southeastern said the company did not properly explain why it did not look at a buyout offer that would allow shareholders to elect whether they wanted to be paid in cash or stock.  Dell's special committee needs to negotiate now "in good faith."

Dell has received two alternative buyout proposals from Blackstone and billionaire investor Carl Icahn. It was believed that there might have even been others, and that Dell could ultimately be expected to result in superior offers. Southeastern said that despite this Dell recommended accepting the offer on the table from Michael Dell and Silver Lake.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments