Dell's shareholders reportedly resisting privatization buy-out

Shareholders resisting Dell privatization deal.

@CharlesJGantt
Published Fri, Feb 8 2013 3:20 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Reuters is reporting that several major shareholders and investment firms of Dell are having issues with Dell's buyback terms. Southeastern Asset Management is holding out saying that the offered $13.65 a share is too low and thinks the number needs to be around the $20 mark.

Dell's shareholders reportedly resisting privatization buy-out | TweakTown.com

The pending deal has to pass a couple hurdles before the privatization can become official. Shareholders need to approve the deal by a majority vote, and regulatory agencies must sign off on it as well.

Voting against the deal is Alpine Capital Research president Nick Tompras. He manages about two million shares of Dell stock, and 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.

NEWS SOURCE:electronista.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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